ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 216.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,583 shares of the company’s stock after acquiring an additional 6,554 shares during the quarter. Blue Trust Inc.’s holdings in ZIM Integrated Shipping Services were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ZIM. Charles Schwab Investment Management Inc. boosted its stake in ZIM Integrated Shipping Services by 82.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,103 shares of the company’s stock worth $5,054,000 after purchasing an additional 231,955 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of ZIM Integrated Shipping Services by 1,446.0% during the fourth quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company’s stock worth $1,595,000 after buying an additional 151,102 shares during the period. California State Teachers Retirement System grew its holdings in shares of ZIM Integrated Shipping Services by 2.4% during the first quarter. California State Teachers Retirement System now owns 104,767 shares of the company’s stock worth $1,060,000 after buying an additional 2,423 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in ZIM Integrated Shipping Services by 81.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,560 shares of the company’s stock valued at $956,000 after acquiring an additional 40,326 shares during the period. Finally, Entropy Technologies LP purchased a new stake in ZIM Integrated Shipping Services during the 1st quarter valued at approximately $854,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Up 0.6 %

ZIM Integrated Shipping Services stock opened at $19.06 on Monday. The stock’s 50 day moving average price is $19.28 and its 200 day moving average price is $15.53. ZIM Integrated Shipping Services Ltd. has a 1-year low of $6.39 and a 1-year high of $23.82. The company has a market cap of $2.29 billion, a PE ratio of -0.90, a price-to-earnings-growth ratio of 0.09 and a beta of 1.85. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.98 and a quick ratio of 0.90.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $1.53 billion. ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. On average, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post 6.26 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.92 annualized dividend and a yield of 4.83%. ZIM Integrated Shipping Services’s payout ratio is currently -4.35%.

Analyst Ratings Changes

Several research analysts have weighed in on ZIM shares. Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, May 22nd. Barclays lifted their price objective on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, May 28th. Finally, Citigroup downgraded shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $11.60 to $13.00 in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and a consensus target price of $12.01.

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.