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Entropy Technologies LP Grows Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

ZIM Integrated Shipping Services logo with Transportation background

Key Points

  • Entropy Technologies LP increased its stake in ZIM Integrated Shipping Services by 295.7% in Q1, owning 83,094 shares worth approximately $1.21 million.
  • ZIM's recent quarterly earnings beat analysts' expectations with an EPS of $2.45 and revenue of $2.01 billion, significantly surpassing forecasts.
  • The company declared a dividend of $0.74 with an impressive yield of 1,696.0%, reflecting its strong profitability with a net margin of 26.52%.
  • Looking to export and analyze ZIM Integrated Shipping Services data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Entropy Technologies LP grew its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 295.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,094 shares of the company's stock after purchasing an additional 62,093 shares during the quarter. Entropy Technologies LP owned approximately 0.07% of ZIM Integrated Shipping Services worth $1,212,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP grew its position in ZIM Integrated Shipping Services by 6.9% during the 4th quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock worth $41,580,000 after acquiring an additional 124,558 shares during the last quarter. Allianz Asset Management GmbH grew its position in ZIM Integrated Shipping Services by 0.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,395,542 shares of the company's stock worth $20,361,000 after acquiring an additional 6,508 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. grew its position in ZIM Integrated Shipping Services by 8.6% during the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 1,355,363 shares of the company's stock worth $19,775,000 after acquiring an additional 107,400 shares during the last quarter. Citigroup Inc. grew its position in ZIM Integrated Shipping Services by 1.1% during the 1st quarter. Citigroup Inc. now owns 1,325,312 shares of the company's stock worth $19,336,000 after acquiring an additional 14,088 shares during the last quarter. Finally, Jump Financial LLC grew its position in ZIM Integrated Shipping Services by 19.1% during the 4th quarter. Jump Financial LLC now owns 890,867 shares of the company's stock worth $19,127,000 after acquiring an additional 142,669 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ZIM. Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target on the stock. in a research report on Tuesday, May 20th. Jefferies Financial Group increased their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Tuesday, May 20th. Citigroup reiterated a "sell" rating on shares of ZIM Integrated Shipping Services in a report on Monday. Finally, Barclays increased their price objective on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a report on Friday, June 27th. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $14.82.

View Our Latest Report on ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Trading Up 0.5%

NYSE ZIM traded up $0.08 on Wednesday, hitting $17.42. The company's stock had a trading volume of 4,833,340 shares, compared to its average volume of 4,750,060. 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 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 $16.35 and its 200 day simple moving average is $16.76. The firm has a market cap of $2.10 billion, a P/E ratio of 0.89, a PEG ratio of 0.23 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. During the same quarter last year, the business posted $0.75 EPS. Research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were paid a $0.74 dividend. This represents a dividend yield of 1,696.0%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 4.76%.

ZIM Integrated Shipping Services Company Profile

(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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Institutional Ownership by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)

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