Janney Montgomery Scott LLC Purchases 915 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Janney Montgomery Scott LLC grew its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,292 shares of the company’s stock after purchasing an additional 915 shares during the period. Janney Montgomery Scott LLC’s holdings in ZIM Integrated Shipping Services were worth $1,137,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ZIM. Fairman Group LLC acquired a new position in ZIM Integrated Shipping Services during the third quarter worth approximately $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. increased its position in ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after buying an additional 1,850 shares during the last quarter. Russell Investments Group Ltd. increased its position in 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 buying an additional 5,667 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after buying an additional 2,450 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $26.10 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41. The business has a 50-day moving average price of $21.97 and a two-hundred day moving average price of $20.04. ZIM Integrated Shipping Services Ltd. has a 1-year low of $6.39 and a 1-year high of $27.48. The company has a market cap of $3.14 billion, a P/E ratio of -1.60, a PEG ratio of 0.04 and a beta of 1.88.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Monday, August 19th. The company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. The firm had revenue of $1.93 billion during 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 period last year, the business posted ($1.37) EPS. As a group, analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 12.11 EPS 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. Stockholders of record on Thursday, August 29th were paid a $0.93 dividend. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 14.25%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently -1.41%.

Analysts Set New Price Targets

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

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.