Truist Financial Corp Has $204,000 Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

Truist Financial Corp cut its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,663 shares of the company’s stock after selling 1,893 shares during the period. Truist Financial Corp’s holdings in ZIM Integrated Shipping Services were worth $204,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. New York State Common Retirement Fund acquired a new position in shares of ZIM Integrated Shipping Services in the 1st quarter worth approximately $30,000. TD Asset Management Inc acquired a new position in shares of ZIM Integrated Shipping Services in the 1st quarter worth approximately $155,000. Vontobel Holding Ltd. acquired a new position in shares of ZIM Integrated Shipping Services in the 1st quarter worth approximately $161,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter worth approximately $161,000. Finally, Baron Wealth Management LLC acquired a new stake in ZIM Integrated Shipping Services during the 2nd quarter valued at $192,000. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Up 1.0%

Shares of ZIM opened at $13.46 on Friday. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 0.81 and a beta of 1.72. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20. The business’s fifty day moving average price is $14.27 and its two-hundred day moving average price is $15.24. ZIM Integrated Shipping Services Ltd. has a 52 week low of $11.03 and a 52 week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.31). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. On average, analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 1.44%.

Analyst Ratings Changes

A number of research firms recently weighed in on ZIM. JPMorgan Chase & Co. raised their price target on ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, September 30th. Citigroup reaffirmed a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a $17.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Finally, Barclays dropped their price target on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a report on Thursday, August 28th. Three equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and an average target price of $14.62.

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.