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

XTX Topco Ltd lifted its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 523.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,774 shares of the company’s stock after buying an additional 61,949 shares during the period. XTX Topco Ltd owned about 0.06% of ZIM Integrated Shipping Services worth $1,636,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Allianz Asset Management GmbH raised its position in ZIM Integrated Shipping Services by 1,446.0% during the fourth quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company’s stock valued at $1,595,000 after purchasing an additional 151,102 shares during the period. Private Advisor Group LLC bought a new position in ZIM Integrated Shipping Services during the fourth quarter valued at $127,000. Seven Eight Capital LP increased its position in ZIM Integrated Shipping Services by 166.1% during the fourth quarter. Seven Eight Capital LP now owns 83,745 shares of the company’s stock valued at $827,000 after acquiring an additional 52,270 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of ZIM Integrated Shipping Services by 81.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,560 shares of the company’s stock valued at $956,000 after acquiring an additional 40,326 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $130,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ZIM Integrated Shipping Services Trading Up 6.7 %

ZIM opened at $20.41 on Friday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $6.39 and a 52 week high of $23.82. The company has a market capitalization of $2.46 billion, a P/E ratio of -0.96, a PEG ratio of 0.04 and a beta of 1.83. The stock’s fifty day moving average is $18.61 and its two-hundred day moving average is $16.54. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.41.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.07 by $1.01. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted ($1.37) earnings per share. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 29th were paid a dividend of $0.93 per share. The ex-dividend date was Thursday, August 29th. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. This represents a $3.72 dividend on an annualized basis and a dividend yield of 18.23%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently -4.35%.

About ZIM Integrated Shipping Services

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.