SG Americas Securities LLC Buys 13,235 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

SG Americas Securities LLC raised its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 111.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,070 shares of the company’s stock after acquiring an additional 13,235 shares during the period. SG Americas Securities LLC’s holdings in ZIM Integrated Shipping Services were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ZIM. Envestnet Asset Management Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 13,786 shares of the company’s stock valued at $222,000 after purchasing an additional 776 shares during the last quarter. Aigen Investment Management LP grew its position in ZIM Integrated Shipping Services by 5.4% in 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 in the last quarter. Legacy Investment Solutions LLC purchased a new stake in ZIM Integrated Shipping Services in the 2nd quarter valued at about $26,000. Autumn Glory Partners LLC lifted its position in shares of ZIM Integrated Shipping Services by 6.0% during the 2nd quarter. Autumn Glory Partners LLC now owns 35,500 shares of the company’s stock worth $571,000 after buying an additional 2,000 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of ZIM Integrated Shipping Services by 230.6% during the 2nd quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock worth $59,000 after buying an additional 2,537 shares in the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ZIM. Wall Street Zen downgraded ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Barclays reduced their price objective on 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. Jefferies Financial Group reiterated a “hold” rating and set a $15.00 target price on shares of ZIM Integrated Shipping Services in a research note on Thursday, November 20th. UBS Group set a $9.70 price target on shares of ZIM Integrated Shipping Services in a research report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Strong Sell” and a consensus target price of $13.42.

ZIM Integrated Shipping Services Stock Up 1.0%

Shares of NYSE ZIM opened at $19.70 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.30 and a quick ratio of 1.22. The stock has a market capitalization of $2.37 billion, a PE ratio of 2.37 and a beta of 1.73. ZIM Integrated Shipping Services Ltd. has a one year low of $11.03 and a one year high of $23.61. The business’s fifty day moving average price is $14.86 and its 200-day moving average price is $15.64.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.65). The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. On average, equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 6.3%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 1st. ZIM Integrated Shipping Services’s payout ratio is presently 2.88%.

ZIM Integrated Shipping Services Company Profile

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.