Plato Investment Management Ltd Makes New $182,000 Investment in ZIM Integrated Shipping Services Ltd. $ZIM

Plato Investment Management Ltd bought a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,354 shares of the company’s stock, valued at approximately $182,000.

Other large investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new position in ZIM Integrated Shipping Services in the first quarter worth about $30,000. Caitong International Asset Management Co. Ltd increased its stake in shares of ZIM Integrated Shipping Services by 2,256.7% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,114 shares of the company’s stock valued at $82,000 after buying an additional 4,897 shares during the period. TD Asset Management Inc acquired a new stake in ZIM Integrated Shipping Services in the first quarter worth about $155,000. Vontobel Holding Ltd. acquired a new stake in ZIM Integrated Shipping Services during the 1st quarter worth $161,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in ZIM Integrated Shipping Services during the second quarter valued at approximately $161,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ZIM shares. Barclays reduced their price objective on 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. Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. JPMorgan Chase & Co. boosted their price objective on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, September 30th. Jefferies Financial Group reiterated a “hold” rating and set a $17.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, August 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Sell” and an average price target of $14.62.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $15.32 on Tuesday. The stock’s 50 day moving average price is $13.91 and its 200-day moving average price is $15.37. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $1.84 billion, a PE ratio of 0.92 and a beta of 1.72. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $1.50 by ($1.31). The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations 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, equities 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 given a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 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.