Fairman Group LLC Acquires Shares of 1,000 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Fairman Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,000 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors have also made changes to their positions in ZIM. International Assets Investment Management LLC raised its holdings in shares of ZIM Integrated Shipping Services by 29.5% in the first quarter. International Assets Investment Management LLC now owns 22,800 shares of the company’s stock valued at $243,000 after buying an additional 5,200 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in ZIM Integrated Shipping Services during the 1st quarter worth about $310,000. Russell Investments Group Ltd. raised its holdings in ZIM Integrated Shipping Services by 1,431.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after purchasing an additional 5,667 shares during the last quarter. Entropy Technologies LP bought a new stake in ZIM Integrated Shipping Services during the 1st quarter worth about $854,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in ZIM Integrated Shipping Services by 81.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,560 shares of the company’s stock worth $956,000 after purchasing an additional 40,326 shares during the last quarter. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Trading Up 2.5 %

Shares of ZIM Integrated Shipping Services stock traded up $0.57 during trading on Thursday, hitting $23.04. 753,673 shares of the company were exchanged, compared to its average volume of 6,102,833. 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 firm’s fifty day moving average price is $20.30 and its 200 day moving average price is $18.52. ZIM Integrated Shipping Services Ltd. has a 1-year low of $6.39 and a 1-year high of $26.20. The firm has a market capitalization of $2.77 billion, a P/E ratio of -1.38, a price-to-earnings-growth ratio of 0.05 and a beta of 1.86.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the firm earned ($1.37) EPS. As a group, sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 11.22 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were given a $0.93 dividend. The ex-dividend date was Thursday, August 29th. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. This represents a $3.72 annualized dividend and a dividend yield of 16.15%. ZIM Integrated Shipping Services’s payout ratio is currently -5.64%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZIM. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Jefferies Financial Group cut ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Wednesday, October 2nd. Bank of America boosted their target price 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. Finally, Barclays boosted their target price on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an “underweight” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. According to MarketBeat, ZIM Integrated Shipping Services has an average rating of “Reduce” and a consensus target price 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.