U S Global Investors Inc. Increases Stake in ZIM Integrated Shipping Services Ltd. $ZIM

U S Global Investors Inc. lifted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 49.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,475 shares of the company’s stock after buying an additional 8,097 shares during the quarter. U S Global Investors Inc.’s holdings in ZIM Integrated Shipping Services were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ZIM. New York State Common Retirement Fund purchased a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at about $30,000. TD Asset Management Inc purchased a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at about $155,000. Vontobel Holding Ltd. purchased a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at about $161,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of ZIM Integrated Shipping Services during the second quarter valued at about $161,000. Finally, Chung Wu Investment Group LLC purchased a new position in shares of ZIM Integrated Shipping Services during the second quarter valued at about $172,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 3.9%

Shares of ZIM stock opened at $12.42 on Friday. ZIM Integrated Shipping Services Ltd. has a 12-month low of $11.03 and a 12-month high of $30.15. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $14.52 and its 200 day moving average is $15.32. The stock has a market capitalization of $1.49 billion, a P/E ratio of 0.75, a P/E/G ratio of 0.13 and a beta of 1.72.

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

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd were given a $0.06 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a yield of 1.9%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 1.44%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZIM. Barclays reduced their price target on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a research report on Thursday, August 28th. Wall Street Zen downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a $17.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Strong Sell” and a consensus target price of $14.62.

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.