Regatta Capital Group LLC Acquires 1,040 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Regatta Capital Group LLC boosted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,699 shares of the company’s stock after buying an additional 1,040 shares during the quarter. Regatta Capital Group LLC’s holdings in ZIM Integrated Shipping Services were worth $214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd increased its stake in shares of ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,300 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $45,000. Brown Brothers Harriman & Co. purchased a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $79,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company’s stock valued at $92,000 after acquiring an additional 900 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the 1st quarter worth approximately $146,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Performance

NYSE:ZIM opened at $17.53 on Monday. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 1.47, a PEG ratio of 0.27 and a beta of 1.83. ZIM Integrated Shipping Services Ltd. has a 1 year low of $11.04 and a 1 year high of $30.15. The stock’s 50 day simple moving average is $15.35 and its two-hundred day simple moving average is $17.94. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced 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 19.26% and a return on equity of 48.63%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. As a group, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, June 3rd will be paid a $0.74 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 16.96%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 5.94%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped 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 research report on Tuesday, May 20th. Clarkson Capital lowered ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research note on Tuesday, May 20th. Barclays boosted their price objective on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an “underweight” rating in a research report on Wednesday, May 28th. JPMorgan Chase & Co. cut 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 report on Friday, March 7th. Finally, Bank of America decreased their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a research note on Friday, April 11th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Reduce” and a consensus price target of $14.70.

ZIM Integrated Shipping Services 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.