Sigma Planning Corp Has $964,000 Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Sigma Planning Corp increased its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,568 shares of the company’s stock after buying an additional 2,317 shares during the quarter. Sigma Planning Corp’s holdings in ZIM Integrated Shipping Services were worth $964,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ZIM. Renaissance Technologies LLC grew its position in ZIM Integrated Shipping Services by 479.9% during the second quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock worth $58,429,000 after buying an additional 2,181,000 shares in the last quarter. Marshall Wace LLP boosted its holdings in ZIM Integrated Shipping Services by 638.6% during the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock valued at $53,148,000 after purchasing an additional 2,072,715 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the second quarter valued at approximately $14,383,000. International Assets Investment Management LLC boosted its holdings in ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after purchasing an additional 385,562 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in ZIM Integrated Shipping Services by 306.7% during the second quarter. Millennium Management LLC now owns 425,795 shares of the company’s stock valued at $9,440,000 after purchasing an additional 321,100 shares in the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Performance

NYSE:ZIM opened at $25.02 on Thursday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $6.39 and a 1 year high of $26.20. The firm has a 50 day moving average of $21.44 and a 200-day moving average of $19.87. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results 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 company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the company posted ($1.37) earnings per share. Equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 12.11 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 14.87%. The ex-dividend date of this dividend was Thursday, August 29th. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. ZIM Integrated Shipping Services’s payout ratio is -1.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group downgraded ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a report on Wednesday, October 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Bank of America lifted their price objective 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. Finally, Barclays lifted their target price 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. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $15.22.

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.