International Assets Investment Management LLC Has $243,000 Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

International Assets Investment Management LLC boosted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 29.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 22,800 shares of the company’s stock after acquiring an additional 5,200 shares during the period. International Assets Investment Management LLC’s holdings in ZIM Integrated Shipping Services were worth $243,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ZIM. Tower Research Capital LLC TRC grew its holdings in ZIM Integrated Shipping Services by 92.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock worth $33,000 after acquiring an additional 1,601 shares during the period. Blue Trust Inc. grew its holdings in ZIM Integrated Shipping Services by 604.3% during the 4th quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock worth $45,000 after acquiring an additional 3,686 shares during the period. Citigroup Inc. grew its holdings in ZIM Integrated Shipping Services by 77.1% during the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock worth $56,000 after acquiring an additional 2,352 shares during the period. Scarborough Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth $58,000. Finally, Headlands Technologies LLC acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth $121,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Up 4.2 %

ZIM opened at $21.59 on Thursday. The stock has a market capitalization of $2.60 billion, a P/E ratio of -1.02, a P/E/G ratio of 0.19 and a beta of 1.88. ZIM Integrated Shipping Services Ltd. has a 12 month low of $6.39 and a 12 month high of $23.82. The firm’s fifty day simple moving average is $17.57 and its 200 day simple moving average is $13.61. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 1.49.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.34). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. ZIM Integrated Shipping Services had a negative net margin of 47.59% and a negative return on equity of 14.80%. As a group, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.42 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 4th were paid a $0.23 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $0.92 annualized dividend and a yield of 4.26%. ZIM Integrated Shipping Services’s payout ratio is currently -4.35%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of 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 lifted their price target on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group reissued a “buy” rating and set a $20.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, May 22nd. Citigroup cut shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $11.60 to $13.00 in a research report on Thursday, June 6th. Finally, Bank of America reduced their price target on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.01.

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.