American Capital Advisory LLC Takes $69,000 Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

American Capital Advisory LLC acquired a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,700 shares of the company’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairman Group LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. increased its position in shares of ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after buying an additional 1,850 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of ZIM Integrated Shipping Services by 1,431.1% in the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after buying an additional 5,667 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after purchasing an additional 2,450 shares in the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZIM has been the subject of several research reports. Barclays boosted their price target on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Bank of America boosted their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Jefferies Financial Group cut ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Four analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. According to MarketBeat, ZIM Integrated Shipping Services has a consensus rating of “Reduce” and an average target price of $15.22.

ZIM Integrated Shipping Services Trading Down 6.9 %

Shares of ZIM stock traded down $1.70 on Wednesday, hitting $23.11. The 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. ZIM Integrated Shipping Services Ltd. has a 1 year low of $6.39 and a 1 year high of $26.20. The company’s 50 day moving average price is $20.74 and its 200-day moving average price is $19.32.

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

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were paid a $0.93 dividend. This is an increase 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 was Thursday, August 29th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently -1.41%.

ZIM Integrated Shipping Services Company Profile

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.