XTX Topco Ltd purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,683 shares of the company's stock, valued at approximately $418,000.
A number of other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $16,381,000. Point72 Asset Management L.P. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth about $14,324,000. Nomura Holdings Inc. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth about $13,148,000. Nuveen Asset Management LLC grew its holdings in ZIM Integrated Shipping Services by 750.0% during the 4th quarter. Nuveen Asset Management LLC now owns 625,833 shares of the company's stock worth $13,437,000 after acquiring an additional 552,206 shares during the period. Finally, Causeway Capital Management LLC grew its holdings in ZIM Integrated Shipping Services by 509.3% during the 4th quarter. Causeway Capital Management LLC now owns 587,518 shares of the company's stock worth $12,614,000 after acquiring an additional 491,093 shares during the period. 21.42% of the stock is currently owned by institutional investors.
ZIM Integrated Shipping Services Stock Up 1.3%
NYSE ZIM traded up $0.23 during trading hours on Wednesday, hitting $17.57. The company's stock had a trading volume of 1,967,964 shares, compared to its average volume of 6,198,628. ZIM Integrated Shipping Services Ltd. has a 52 week low of $11.03 and a 52 week high of $30.15. The company has a market capitalization of $2.11 billion, a PE ratio of 0.90, a price-to-earnings-growth ratio of 0.24 and a beta of 1.75. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. The company's 50-day simple moving average is $16.33 and its two-hundred day simple moving average is $16.76.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the firm earned $0.75 EPS. Research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.
ZIM Integrated Shipping Services Dividend Announcement
The business also recently declared a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.74 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 1,696.0%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 4.76%.
Analyst Ratings Changes
A number of brokerages have weighed in on ZIM. Citigroup reiterated a "sell" rating on shares of ZIM Integrated Shipping Services in a report on Monday. Clarkson Capital downgraded ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a report on Tuesday, May 20th. Barclays raised their target price on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research note on Friday, June 27th. Finally, Jefferies Financial Group raised their target price on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Tuesday, May 20th. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $14.82.
Check Out Our Latest Analysis on ZIM Integrated Shipping Services
About ZIM Integrated Shipping Services
(
Free Report)
ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.
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