XTX Topco Ltd Buys 61,949 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

XTX Topco Ltd raised its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 523.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,774 shares of the company’s stock after purchasing an additional 61,949 shares during the period. XTX Topco Ltd’s holdings in ZIM Integrated Shipping Services were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of ZIM Integrated Shipping Services during the 2nd quarter worth approximately $96,000. Scarborough Advisors LLC purchased a new position in ZIM Integrated Shipping Services in the fourth quarter worth $58,000. Russell Investments Group Ltd. increased its position in shares of ZIM Integrated Shipping Services by 1,431.1% during the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after purchasing an additional 5,667 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter worth $142,000. Finally, Blue Trust Inc. boosted its position in shares of ZIM Integrated Shipping Services by 216.4% in the 2nd quarter. Blue Trust Inc. now owns 9,583 shares of the company’s stock worth $212,000 after purchasing an additional 6,554 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Trading Up 6.7 %

NYSE ZIM opened at $20.41 on Friday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $6.39 and a 1 year high of $23.82. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.04 and a quick ratio of 0.97. The company has a market capitalization of $2.46 billion, a PE ratio of -0.96, a P/E/G ratio of 0.04 and a beta of 1.83. The company has a fifty day moving average of $18.61 and a 200 day moving average of $16.54.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.71 billion. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. During the same quarter in the prior year, the business earned ($1.37) earnings per share. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 10.87 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were paid a $0.93 dividend. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. This represents a $3.72 annualized dividend and a dividend yield of 18.23%. The ex-dividend date of this dividend was Thursday, August 29th. ZIM Integrated Shipping Services’s payout ratio is currently -4.35%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Bank of America boosted their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Barclays boosted their price objective on shares of ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an “underweight” rating in a report on Friday, August 23rd. Citigroup lowered ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and raised their target price for the stock from $11.60 to $13.00 in a research note on Thursday, June 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $22.00 price target on shares of ZIM Integrated Shipping Services in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Reduce” and a consensus target price of $14.84.

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.