ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 9,080,000 shares, a growth of 39.3% from the May 31st total of 6,520,000 shares. Based on an average trading volume of 5,540,000 shares, the short-interest ratio is presently 1.6 days. Currently, 13.8% of the company’s shares are short sold.
Several large investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd increased its position in shares of ZIM Integrated Shipping Services by 249.7% during the fourth quarter. Qube Research & Technologies Ltd now owns 120,825 shares of the company’s stock worth $7,112,000 after purchasing an additional 86,271 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in ZIM Integrated Shipping Services by 534.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,080 shares of the company’s stock valued at $122,000 after buying an additional 1,752 shares during the last quarter. Rokos Capital Management LLP purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth about $10,012,000. PDT Partners LLC acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $283,000. Finally, Royal Bank of Canada boosted its stake in ZIM Integrated Shipping Services by 984.5% in the 3rd quarter. Royal Bank of Canada now owns 90,319 shares of the company’s stock worth $4,579,000 after purchasing an additional 81,991 shares in the last quarter. Institutional investors and hedge funds own 47.33% of the company’s stock.
I know–you’ve heard options trading is tough, but is it really tougher than the market is right now?
NO! “Options Trading Made Easy” by pro-trader Chuck Hughes gives traders the best options in an unpredictable market…
Get your copy now!
ZIM has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded ZIM Integrated Shipping Services from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $43.60 to $53.30 in a research report on Friday, June 17th. Jefferies Financial Group boosted their price objective on shares of ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, March 10th. Bank of America downgraded shares of ZIM Integrated Shipping Services from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $79.00 to $40.00 in a research note on Friday. Finally, Clarkson Capital reaffirmed 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 given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of “Hold” and an average target price of $72.66.
ZIM Integrated Shipping Services stock traded down $3.95 during midday trading on Friday, hitting $43.28. 6,745,771 shares of the company’s stock were exchanged, compared to its average volume of 5,048,107. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.29. ZIM Integrated Shipping Services has a 12 month low of $33.71 and a 12 month high of $91.23. The firm has a 50-day moving average of $58.31 and a two-hundred day moving average of $62.91. The company has a market cap of $5.19 billion, a PE ratio of 0.90 and a beta of 2.40.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last announced its quarterly earnings results on Wednesday, May 18th. The company reported $14.19 earnings per share for the quarter, topping the consensus estimate of $12.65 by $1.54. The firm had revenue of $3.72 billion during the quarter. ZIM Integrated Shipping Services had a net margin of 45.36% and a return on equity of 167.57%. During the same period in the previous year, the company posted $5.13 EPS. As a group, equities analysts expect that ZIM Integrated Shipping Services will post 40.5 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 8th. Shareholders 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 26.34%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 23.80%.
ZIM Integrated Shipping Services Company Profile (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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Should you invest $1,000 in ZIM Integrated Shipping Services right now?
Before you consider ZIM Integrated Shipping Services, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and ZIM Integrated Shipping Services wasn’t on the list.
While ZIM Integrated Shipping Services currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
