Bulltick Wealth Management LLC Has $1.42 Million Stock Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

Bulltick Wealth Management LLC increased its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 32.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 88,000 shares of the company’s stock after buying an additional 21,700 shares during the period. Bulltick Wealth Management LLC owned 0.07% of ZIM Integrated Shipping Services worth $1,416,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ZIM. Envestnet Asset Management Inc. boosted its holdings in shares of ZIM Integrated Shipping Services by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 13,786 shares of the company’s stock worth $222,000 after acquiring an additional 776 shares during the period. Aigen Investment Management LP lifted its holdings in ZIM Integrated Shipping Services by 5.4% during the 1st quarter. Aigen Investment Management LP now owns 16,842 shares of the company’s stock worth $246,000 after purchasing an additional 867 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in ZIM Integrated Shipping Services during the 2nd quarter worth approximately $26,000. Autumn Glory Partners LLC boosted its stake in ZIM Integrated Shipping Services by 6.0% in the 2nd quarter. Autumn Glory Partners LLC now owns 35,500 shares of the company’s stock valued at $571,000 after purchasing an additional 2,000 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in ZIM Integrated Shipping Services in the 1st quarter valued at $30,000. 21.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ZIM shares. JPMorgan Chase & Co. lifted their target price on ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday, September 30th. Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a research note on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, October 8th. Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $17.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus target price of $14.62.

ZIM Integrated Shipping Services Stock Down 0.0%

NYSE ZIM opened at $16.01 on Monday. The business has a fifty day moving average price of $14.18 and a two-hundred day moving average price of $15.44. The stock has a market capitalization of $1.93 billion, a PE ratio of 0.96 and a beta of 1.73. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.03 and a fifty-two week high of $30.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.31). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%. Equities analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.5%. ZIM Integrated Shipping Services’s dividend payout ratio is 1.44%.

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.