American Capital Advisory LLC Purchases New Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

American Capital Advisory LLC bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,700 shares of the company’s stock, valued at approximately $69,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its stake in ZIM Integrated Shipping Services by 2,228.7% in the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after purchasing an additional 385,562 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in ZIM Integrated Shipping Services in the second quarter worth $2,343,000. SG Americas Securities LLC increased its stake in ZIM Integrated Shipping Services by 1,226.7% in the third quarter. SG Americas Securities LLC now owns 343,581 shares of the company’s stock worth $8,816,000 after purchasing an additional 317,684 shares during the period. Clear Harbor Asset Management LLC increased its stake in shares of ZIM Integrated Shipping Services by 337.7% during the third quarter. Clear Harbor Asset Management LLC now owns 51,450 shares of the company’s stock valued at $1,320,000 after buying an additional 39,695 shares during the period. Finally, Millennium Management LLC increased its stake in shares of ZIM Integrated Shipping Services by 306.7% during the second quarter. Millennium Management LLC now owns 425,795 shares of the company’s stock valued at $9,440,000 after buying an additional 321,100 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 6.9 %

NYSE ZIM traded down $1.70 during trading on Wednesday, hitting $23.11. The company’s stock had a trading volume of 2,334,587 shares, compared to its average volume of 6,020,062. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.04 and a quick ratio of 0.97. The business’s 50 day simple moving average is $20.74 and its 200-day simple moving average is $19.32. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.39 and a fifty-two week high of $26.20.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted ($1.37) earnings per share. On average, analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 12.11 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were given a dividend of $0.93 per share. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. This represents a $3.72 annualized dividend and a yield of 16.10%. The ex-dividend date of this dividend was Thursday, August 29th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently -1.41%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays raised their price target on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Bank of America raised their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group downgraded ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $15.22.

About ZIM Integrated Shipping Services

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.