VestGen Advisors LLC Acquires Shares of 128,957 ZIM Integrated Shipping Services Ltd. $ZIM

VestGen Advisors LLC purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 128,957 shares of the company’s stock, valued at approximately $2,075,000. VestGen Advisors LLC owned approximately 0.11% of ZIM Integrated Shipping Services as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in ZIM Integrated Shipping Services during the second quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter valued at about $37,000. Allworth Financial LP grew 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 valued at $59,000 after buying an additional 2,537 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in ZIM Integrated Shipping Services by 206.7% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 4,600 shares of the company’s stock worth $74,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of ZIM Integrated Shipping Services by 2,256.7% during the second quarter. Caitong International Asset Management Co. Ltd now owns 5,114 shares of the company’s stock valued at $82,000 after purchasing an additional 4,897 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ZIM shares. JPMorgan Chase & Co. cut their target price on ZIM Integrated Shipping Services from $10.00 to $9.70 and set an “underweight” rating on the stock in a research note on Monday, November 24th. Barclays cut their price target on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a report on Thursday, August 28th. Wall Street Zen raised ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup reaffirmed a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Finally, UBS Group set a $9.70 price target on shares of ZIM Integrated Shipping Services in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average target price of $13.42.

ZIM Integrated Shipping Services Stock Up 3.2%

Shares of ZIM Integrated Shipping Services stock opened at $20.34 on Monday. The stock’s fifty day moving average is $14.98 and its 200-day moving average is $15.64. The firm has a market capitalization of $2.45 billion, a PE ratio of 2.44 and a beta of 1.73. ZIM Integrated Shipping Services Ltd. has a 12-month low of $11.03 and a 12-month high of $23.61. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 1.12.

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

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.31 per share. 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.1%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 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.