Avantax Advisory Services Inc. boosted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) by 17.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,190 shares of the company's stock after acquiring an additional 2,755 shares during the quarter. Avantax Advisory Services Inc.'s holdings in ZIM Integrated Shipping Services were worth $427,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its position in ZIM Integrated Shipping Services by 16.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,749 shares of the company's stock valued at $508,000 after purchasing an additional 1,481 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of ZIM Integrated Shipping Services by 22.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 72,500 shares of the company's stock worth $3,424,000 after purchasing an additional 13,320 shares in the last quarter. Paradiem LLC boosted its position in shares of ZIM Integrated Shipping Services by 8.1% in the 3rd quarter. Paradiem LLC now owns 9,937 shares of the company's stock worth $234,000 after purchasing an additional 746 shares in the last quarter. TD Asset Management Inc. purchased a new position in ZIM Integrated Shipping Services in the 2nd quarter worth $869,000. Finally, Delphia USA Inc. raised its stake in shares of ZIM Integrated Shipping Services by 85.6% during the 2nd quarter. Delphia USA Inc. now owns 22,150 shares of the company's stock valued at $1,046,000 after buying an additional 10,213 shares during the last quarter. Institutional investors own 36.74% of the company's stock.
Get ZIM Integrated Shipping Services alerts:ZIM Integrated Shipping Services Stock Performance
ZIM Integrated Shipping Services stock opened at $18.69 on Wednesday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 0.38 and a beta of 2.37. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 1.50. ZIM Integrated Shipping Services Ltd. has a 12-month low of $16.23 and a 12-month high of $91.23. The firm's fifty day moving average price is $19.38 and its 200 day moving average price is $29.80.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last posted its quarterly earnings results on Wednesday, November 16th. The company reported $9.66 EPS for the quarter, beating the consensus estimate of $9.46 by $0.20. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.01 billion. ZIM Integrated Shipping Services had a net margin of 42.71% and a return on equity of 118.65%. On average, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 37.1 EPS for the current fiscal year.ZIM Integrated Shipping Services Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Stockholders of record on Tuesday, November 29th were issued a dividend of $2.95 per share. The ex-dividend date was Monday, November 28th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 63.14%. ZIM Integrated Shipping Services's dividend payout ratio is currently 24.04%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on ZIM shares. Jefferies Financial Group dropped their target price on ZIM Integrated Shipping Services from $27.00 to $21.00 and set a "hold" rating on the stock in a research report on Tuesday, December 13th. Barclays cut their target price on ZIM Integrated Shipping Services from $63.00 to $26.50 and set an "equal weight" rating on the stock in a research report on Friday, November 18th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of "Hold" and a consensus target price of $34.16.
ZIM Integrated Shipping Services Company Profile
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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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