Avantax Advisory Services Inc. Acquires New Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Avantax Advisory Services Inc. bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,028 shares of the company’s stock, valued at approximately $394,000.

Several other large investors have also added to or reduced their stakes in ZIM. Geode Capital Management LLC boosted its position in shares of ZIM Integrated Shipping Services by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 95,839 shares of the company’s stock valued at $2,058,000 after acquiring an additional 7,753 shares during the period. Russell Investments Group Ltd. boosted its holdings in ZIM Integrated Shipping Services by 121.7% in the 4th quarter. Russell Investments Group Ltd. now owns 12,595 shares of the company’s stock valued at $270,000 after purchasing an additional 6,913 shares during the period. Invesco Ltd. grew its position in shares of ZIM Integrated Shipping Services by 0.9% during the 4th quarter. Invesco Ltd. now owns 462,507 shares of the company’s stock valued at $9,930,000 after purchasing an additional 4,201 shares in the last quarter. Legal & General Group Plc grew its position in shares of ZIM Integrated Shipping Services by 20.2% during the 4th quarter. Legal & General Group Plc now owns 216,393 shares of the company’s stock valued at $4,646,000 after purchasing an additional 36,342 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of ZIM Integrated Shipping Services by 50.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company’s stock worth $122,951,000 after buying an additional 1,909,480 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 0.7%

Shares of ZIM opened at $15.80 on Thursday. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.03 and a fifty-two week high of $30.15. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 0.81, a PEG ratio of 0.21 and a beta of 1.75. The firm has a 50 day moving average price of $16.37 and a 200-day moving average price of $16.76. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.18.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were given a dividend of $0.74 per share. This represents a yield of 1,696.0%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 4.76%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ZIM shares. Clarkson Capital lowered ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research note on Tuesday, May 20th. Barclays upped their price objective on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an “underweight” rating in a research report on Friday, June 27th. Bank of America dropped their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group increased their price target on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Tuesday, May 20th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $14.82.

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.