ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIMFree Report) by 1,446.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,552 shares of the company’s stock after acquiring an additional 151,102 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.13% of ZIM Integrated Shipping Services worth $1,595,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Van ECK Associates Corp raised its stake in ZIM Integrated Shipping Services by 6.8% during the third quarter. Van ECK Associates Corp now owns 33,686 shares of the company’s stock valued at $352,000 after buying an additional 2,143 shares in the last quarter. WINTON GROUP Ltd raised its stake in ZIM Integrated Shipping Services by 20.6% during the third quarter. WINTON GROUP Ltd now owns 36,621 shares of the company’s stock valued at $383,000 after buying an additional 6,257 shares in the last quarter. Hsbc Holdings PLC raised its stake in ZIM Integrated Shipping Services by 346.2% during the third quarter. Hsbc Holdings PLC now owns 55,779 shares of the company’s stock valued at $586,000 after buying an additional 43,277 shares in the last quarter. Bluefin Capital Management LLC acquired a new stake in ZIM Integrated Shipping Services during the third quarter valued at approximately $340,000. Finally, AXQ Capital LP bought a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $358,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Bank of America lowered their target price on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a report on Tuesday, March 19th. JPMorgan Chase & Co. lowered their target price on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a report on Friday, March 22nd. Barclays increased their price objective on ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday, May 28th. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, May 22nd. Finally, Citigroup lowered 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 report on Thursday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and an average price target of $12.01.

Check Out Our Latest Report on ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE ZIM opened at $19.54 on Monday. The stock has a fifty day moving average price of $15.25 and a two-hundred day moving average price of $12.52. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.90 and a current ratio of 0.98. The firm has a market cap of $2.35 billion, a P/E ratio of -0.92, a PEG ratio of 0.32 and a beta of 1.88. ZIM Integrated Shipping Services Ltd. has a 1 year low of $6.39 and a 1 year high of $23.82.

ZIM Integrated Shipping Services (NYSE:ZIMGet Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.33) by $0.10. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 1.88 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.71%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently -4.35%.

About ZIM Integrated Shipping Services

(Free Report)

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

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

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