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Fifth Third Bancorp Buys 723 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)


Fifth Third Bancorp increased its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) by 30.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,102 shares of the company’s stock after acquiring an additional 723 shares during the quarter. Fifth Third Bancorp’s holdings in ZIM Integrated Shipping Services were worth $226,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Standard Family Office LLC acquired a new stake in ZIM Integrated Shipping Services during the fourth quarter worth $35,000. Pacer Advisors Inc. boosted its stake in ZIM Integrated Shipping Services by 261.2% during the fourth quarter. Pacer Advisors Inc. now owns 596 shares of the company’s stock worth $35,000 after buying an additional 431 shares in the last quarter. Eaton Vance Management boosted its stake in ZIM Integrated Shipping Services by 111.4% during the fourth quarter. Eaton Vance Management now owns 1,095 shares of the company’s stock worth $64,000 after buying an additional 577 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in ZIM Integrated Shipping Services by 534.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 2,080 shares of the company’s stock worth $122,000 after buying an additional 1,752 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in ZIM Integrated Shipping Services by 473.5% during the fourth quarter. IFP Advisors Inc now owns 2,294 shares of the company’s stock worth $135,000 after buying an additional 1,894 shares in the last quarter. 47.33% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. Bank of America downgraded shares of ZIM Integrated Shipping Services from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $79.00 to $40.00 in a research note on Friday, July 1st. JPMorgan Chase & Co. upgraded shares of ZIM Integrated Shipping Services from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $43.60 to $53.30 in a research note on Friday, June 17th. Finally, Clarkson Capital restated a “neutral” rating on shares of ZIM Integrated Shipping Services in a research note on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $72.66.

Shares of NYSE:ZIM opened at $44.55 on Friday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $33.71 and a 52 week high of $91.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.29. The company’s fifty day moving average is $57.16 and its 200-day moving average is $62.66. The company has a market capitalization of $5.34 billion, a PE ratio of 0.93 and a beta of 2.86.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last issued its quarterly earnings results on Wednesday, May 18th. The company reported $14.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.65 by $1.54. The business had revenue of $3.72 billion for the quarter. ZIM Integrated Shipping Services had a net margin of 45.36% and a return on equity of 167.57%. During the same quarter last year, the company earned $5.13 EPS. On average, analysts forecast that ZIM Integrated Shipping Services Ltd. will post 41.72 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 8th. Investors of record on Tuesday, May 31st were given a dividend of $2.85 per share. The ex-dividend date was Friday, May 27th. This represents a $11.40 annualized dividend and a yield of 25.59%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 23.80%.

About ZIM Integrated Shipping Services (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)



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