25,853 Shares in ZIM Integrated Shipping Services Ltd. $ZIM Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 25,853 shares of ZIM Integrated Shipping Services Ltd., valued at approximately $416,000, during the 2nd quarter.
• ZIM reported quarterly earnings of $0.19 per share, significantly missing the consensus estimate of $1.50, with a revenue of $1.64 billion compared to expectations of $1.84 billion.
• The company's stock has faced negative analyst sentiment, with a consensus rating of "Strong Sell" and most analysts lowering their price targets.

Counterpoint Mutual Funds LLC acquired a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,853 shares of the company's stock, valued at approximately $416,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services during the second quarter worth $161,000. Kingstone Capital Partners Texas LLC bought a new stake in ZIM Integrated Shipping Services during the 2nd quarter worth about $15,850,000. Baron Wealth Management LLC acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter valued at about $192,000. Bayforest Capital Ltd boosted its stake in shares of ZIM Integrated Shipping Services by 134.1% in the 1st quarter. Bayforest Capital Ltd now owns 15,011 shares of the company's stock valued at $219,000 after purchasing an additional 8,599 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of ZIM Integrated Shipping Services by 20.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company's stock valued at $68,879,000 after purchasing an additional 788,514 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Down 1.7%

NYSE:ZIM opened at $14.40 on Wednesday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $11.03 and a 1 year high of $30.15. The stock has a 50-day moving average price of $15.12 and a two-hundred day moving average price of $15.72. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 0.87, a PEG ratio of 0.17 and a beta of 1.74. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($1.31). ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.84 billion. As a group, equities 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. ZIM Integrated Shipping Services's dividend payout ratio is 1.44%.

Analyst Ratings Changes

ZIM has been the subject of a number of recent research reports. Barclays dropped their price target 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. increased their price target on ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the company an "underweight" rating in a research note on Friday, August 22nd. Jefferies Financial Group restated a "hold" rating and issued a $17.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Citigroup reiterated a "sell" rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Finally, Wall Street Zen lowered ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Strong Sell" and an average target price of $14.58.

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.

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