Autumn Glory Partners LLC Grows Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Autumn Glory Partners LLC grew its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 21.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 33,500 shares of the company’s stock after buying an additional 6,000 shares during the quarter. Autumn Glory Partners LLC’s holdings in ZIM Integrated Shipping Services were worth $489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. FNY Investment Advisers LLC lifted its holdings in ZIM Integrated Shipping Services by 1,863.2% in the 1st quarter. FNY Investment Advisers LLC now owns 149,200 shares of the company’s stock worth $2,176,000 after buying an additional 141,600 shares during the period. Janney Montgomery Scott LLC lifted its holdings in ZIM Integrated Shipping Services by 13.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 53,658 shares of the company’s stock worth $783,000 after buying an additional 6,519 shares during the period. Regatta Capital Group LLC lifted its holdings in ZIM Integrated Shipping Services by 7.6% in the 1st quarter. Regatta Capital Group LLC now owns 14,699 shares of the company’s stock worth $214,000 after buying an additional 1,040 shares during the period. Miracle Mile Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the 1st quarter worth approximately $146,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in ZIM Integrated Shipping Services in the 1st quarter worth approximately $161,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Up 2.1%

ZIM stock opened at $17.76 on Thursday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.04 and a twelve month high of $30.15. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.16. The firm has a market cap of $2.14 billion, a PE ratio of 0.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.83. The business has a 50 day moving average of $16.01 and a 200 day moving average of $17.72.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.56. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company earned $0.75 EPS. On average, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Dividend Announcement

The business also recently disclosed 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 16.96%. 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 research analysts have recently commented on ZIM shares. Clarkson Capital cut ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Tuesday, May 20th. Jefferies Financial Group raised their target price on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. lowered their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Friday, March 7th. Bank of America lowered their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research note on Friday, April 11th. Finally, Barclays raised their target price on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an “underweight” rating in a research note on Wednesday, May 28th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services presently has a consensus rating of “Reduce” and a consensus price target of $14.70.

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.