17,274 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Bought by Independent Advisor Alliance

Independent Advisor Alliance purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 1st quarter, Holdings Channel.com reports. The firm purchased 17,274 shares of the company’s stock, valued at approximately $252,000.

Several other large investors also recently bought and sold shares of the business. Northern Trust Corp increased its position in ZIM Integrated Shipping Services by 150.2% during the fourth quarter. Northern Trust Corp now owns 212,148 shares of the company’s stock valued at $4,555,000 after acquiring an additional 127,367 shares during the last quarter. Mariner LLC bought a new position in ZIM Integrated Shipping Services during the fourth quarter valued at $735,000. Janney Montgomery Scott LLC increased its position in ZIM Integrated Shipping Services by 13.8% during the first quarter. Janney Montgomery Scott LLC now owns 53,658 shares of the company’s stock valued at $783,000 after acquiring an additional 6,519 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in ZIM Integrated Shipping Services by 7.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,812 shares of the company’s stock valued at $1,427,000 after acquiring an additional 6,873 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in ZIM Integrated Shipping Services by 121.7% during the fourth quarter. Russell Investments Group Ltd. now owns 12,595 shares of the company’s stock valued at $270,000 after acquiring an additional 6,913 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ZIM shares. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research report on Tuesday, May 20th. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an “underweight” rating in a research note on Friday, June 27th. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday. Finally, Jefferies Financial Group boosted their target price on shares of 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. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $14.82.

ZIM Integrated Shipping Services Stock Down 3.8%

NYSE:ZIM opened at $16.32 on Friday. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.03 and a 1-year high of $30.15. The company has a 50-day moving average of $16.32 and a 200 day moving average of $16.75. The firm has a market cap of $1.96 billion, a PE ratio of 0.84, a price-to-earnings-growth ratio of 0.23 and a beta of 1.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.18 and a quick ratio of 1.10.

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

ZIM Integrated Shipping Services Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, June 3rd were issued a $0.74 dividend. The ex-dividend date was Monday, June 2nd. This represents a yield of 1,696.0%. ZIM Integrated Shipping Services’s payout ratio is currently 4.76%.

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.