Public Employees Retirement System of Ohio Acquires 15,500 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

Public Employees Retirement System of Ohio raised its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 19.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,300 shares of the company’s stock after purchasing an additional 15,500 shares during the period. Public Employees Retirement System of Ohio owned 0.08% of ZIM Integrated Shipping Services worth $1,517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. New York State Common Retirement Fund purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at approximately $30,000. Miracle Mile Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at approximately $146,000. TD Asset Management Inc purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at approximately $155,000. Vontobel Holding Ltd. purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at approximately $161,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at approximately $161,000. Institutional investors own 21.42% of the company’s stock.

Analysts Set New Price Targets

ZIM has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a report on Thursday, August 28th. JPMorgan Chase & Co. increased their price target on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Saturday, September 27th. Wall Street Zen cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Finally, Citigroup restated a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average target price of $14.62.

ZIM Integrated Shipping Services Trading Up 0.8%

Shares of ZIM Integrated Shipping Services stock opened at $13.89 on Friday. The company’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $15.45. The stock has a market capitalization of $1.67 billion, a PE ratio of 0.83, a P/E/G ratio of 0.16 and a beta of 1.72. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.03 and a 1-year high of $30.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($1.31). The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%. As a group, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 1.44%.

ZIM Integrated Shipping Services 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.