Acadian Asset Management LLC Has $7.93 Million Position in ZIM Integrated Shipping Services Ltd. $ZIM

Acadian Asset Management LLC grew its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 116,663.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 493,908 shares of the company’s stock after acquiring an additional 493,485 shares during the period. Acadian Asset Management LLC owned 0.41% of ZIM Integrated Shipping Services worth $7,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund acquired a new stake in ZIM Integrated Shipping Services during the first quarter valued at $30,000. SBI Securities Co. Ltd. increased its position in ZIM Integrated Shipping Services by 7.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 64,844 shares of the company’s stock worth $946,000 after purchasing an additional 4,573 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter worth about $317,000. Allianz Asset Management GmbH lifted its holdings in shares of ZIM Integrated Shipping Services by 0.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,395,542 shares of the company’s stock valued at $20,361,000 after buying an additional 6,508 shares during the last quarter. Finally, Kennondale Capital Management LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $364,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on ZIM. Jefferies Financial Group restated a “hold” rating and issued a $17.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, August 20th. Barclays decreased their target price on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a research report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Finally, Citigroup reaffirmed a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Strong Sell” and an average price target of $14.62.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $15.68 on Thursday. The stock has a 50-day simple moving average of $14.07 and a 200 day simple moving average of $15.42. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The stock has a market capitalization of $1.89 billion, a PE ratio of 0.94 and a beta of 1.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20.

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

ZIM Integrated Shipping Services Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were paid a $0.06 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.5%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 1.44%.

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.