SG Americas Securities LLC Invests $220,000 in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

SG Americas Securities LLC purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,823 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its holdings in shares of ZIM Integrated Shipping Services by 1,299.1% in the 4th quarter. CWM LLC now owns 1,553 shares of the company’s stock worth $27,000 after purchasing an additional 1,442 shares in the last quarter. Founders Capital Management raised its holdings in shares of ZIM Integrated Shipping Services by 525.0% during the fourth quarter. Founders Capital Management now owns 2,500 shares of the company’s stock valued at $43,000 after acquiring an additional 2,100 shares during the period. IFP Advisors Inc raised its holdings in shares of ZIM Integrated Shipping Services by 206.0% during the third quarter. IFP Advisors Inc now owns 6,313 shares of the company’s stock valued at $74,000 after acquiring an additional 4,250 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in ZIM Integrated Shipping Services by 1,024.3% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 3,373 shares of the company’s stock valued at $79,000 after purchasing an additional 3,073 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in ZIM Integrated Shipping Services during the first quarter valued at approximately $112,000. 36.74% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $17.29 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.53 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $20.43 and a 200 day simple moving average of $20.68. The company has a market cap of $2.08 billion, a P/E ratio of 0.45 and a beta of 2.11. ZIM Integrated Shipping Services Ltd. has a 1 year low of $16.19 and a 1 year high of $71.40.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last posted its quarterly earnings data on Monday, March 13th. The company reported $3.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $1.18. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.06 billion. ZIM Integrated Shipping Services had a net margin of 36.77% and a return on equity of 87.07%. During the same period in the prior year, the firm earned $14.17 EPS. On average, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post -1.44 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 24th were issued a dividend of $6.40 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.95. The ex-dividend date was Tuesday, April 4th. This represents a $25.60 annualized dividend and a dividend yield of 148.06%. ZIM Integrated Shipping Services’s payout ratio is presently 66.74%.

Analyst Ratings Changes

A number of research analysts recently commented on ZIM shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Monday, March 13th. TheStreet downgraded shares of ZIM Integrated Shipping Services from a “c-” rating to a “d+” rating in a research report on Wednesday, April 26th. JPMorgan Chase & Co. downgraded shares of ZIM Integrated Shipping Services from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $27.00 to $20.80 in a research report on Friday, April 21st. Finally, Barclays downgraded shares of ZIM Integrated Shipping Services from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $26.50 to $15.00 in a research report on Monday, February 13th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.16.

ZIM Integrated Shipping Services Company Profile

(Get Rating)

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.