Farther Finance Advisors LLC Purchases 2,450 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Farther Finance Advisors LLC boosted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 467.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,974 shares of the company’s stock after acquiring an additional 2,450 shares during the quarter. Farther Finance Advisors LLC’s holdings in ZIM Integrated Shipping Services were worth $76,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fairman Group LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services during the third quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. raised its stake in ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after buying an additional 1,850 shares during the period. Mather Group LLC. acquired a new stake in shares of ZIM Integrated Shipping Services in the second quarter valued at approximately $96,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of ZIM Integrated Shipping Services by 1,431.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after acquiring an additional 5,667 shares during the period. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Bank of America raised their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Jefferies Financial Group cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research note on Wednesday, October 2nd. Barclays upped their price target on shares of ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Four analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $15.22.

ZIM Integrated Shipping Services Trading Up 1.5 %

Shares of ZIM Integrated Shipping Services stock opened at $24.17 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04. The firm has a 50-day moving average of $21.31 and a 200-day moving average of $19.80. ZIM Integrated Shipping Services Ltd. has a 52-week low of $6.39 and a 52-week high of $26.20. The stock has a market cap of $2.91 billion, a PE ratio of -1.48, a PEG ratio of 0.04 and a beta of 1.88.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm posted ($1.37) EPS. As a group, sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 12.11 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 15.39%. The ex-dividend date was Thursday, August 29th. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is -1.41%.

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.