American Century Companies Inc. Boosts Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

American Century Companies Inc. increased its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 15.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,632,099 shares of the company’s stock after purchasing an additional 351,810 shares during the period. American Century Companies Inc. owned approximately 2.19% of ZIM Integrated Shipping Services worth $42,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in ZIM Integrated Shipping Services in the 2nd quarter worth approximately $26,000. Allworth Financial LP lifted its position in shares of ZIM Integrated Shipping Services by 230.6% in the second quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock valued at $59,000 after acquiring an additional 2,537 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 206.7% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 4,600 shares of the company’s stock worth $74,000 after buying an additional 3,100 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of ZIM Integrated Shipping Services by 2,256.7% during the second quarter. Caitong International Asset Management Co. Ltd now owns 5,114 shares of the company’s stock valued at $82,000 after purchasing an additional 4,897 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of ZIM Integrated Shipping Services by 3,250.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,700 shares of the company’s stock valued at $108,000 after acquiring an additional 6,500 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZIM. Jefferies Financial Group reissued a “hold” rating and set a $15.00 target price on shares of ZIM Integrated Shipping Services in a research report on Thursday, November 20th. Barclays reduced their price objective on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a research note on Thursday, August 28th. JPMorgan Chase & Co. reduced their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.70 and set an “underweight” rating for the company in a research note on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services presently has a consensus rating of “Strong Sell” and a consensus price target of $13.42.

ZIM Integrated Shipping Services Stock Up 3.2%

NYSE:ZIM opened at $20.34 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.12. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $23.61. The company has a market cap of $2.45 billion, a PE ratio of 2.44 and a beta of 1.73. The company’s 50 day moving average is $14.98 and its two-hundred day moving average is $15.67.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Thursday, November 20th. The company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.65). The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%. Analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 6.1%. The ex-dividend date is Monday, December 1st. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 2.88%.

About ZIM Integrated Shipping Services

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.