Allianz Asset Management GmbH Acquires 150,841 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

Allianz Asset Management GmbH boosted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 10.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,546,383 shares of the company's stock after purchasing an additional 150,841 shares during the period. Allianz Asset Management GmbH owned about 1.28% of ZIM Integrated Shipping Services worth $24,881,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ZIM. Janney Montgomery Scott LLC lifted its holdings in ZIM Integrated Shipping Services by 13.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 53,658 shares of the company's stock valued at $783,000 after purchasing an additional 6,519 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in ZIM Integrated Shipping Services by 7.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 97,812 shares of the company's stock valued at $1,427,000 after purchasing an additional 6,873 shares during the last quarter. Bessemer Group Inc. bought a new position in ZIM Integrated Shipping Services during the 1st quarter valued at about $457,000. Astoria Portfolio Advisors LLC. lifted its holdings in ZIM Integrated Shipping Services by 27.4% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 57,380 shares of the company's stock valued at $790,000 after purchasing an additional 12,344 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in ZIM Integrated Shipping Services during the 1st quarter valued at about $161,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $13.46 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The firm's 50 day moving average price is $14.27 and its two-hundred day moving average price is $15.25. The firm has a market cap of $1.62 billion, a P/E ratio of 0.81 and a beta of 1.72.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by ($1.31). The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate 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, analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. ZIM Integrated Shipping Services's payout ratio is currently 1.44%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Jefferies Financial Group reiterated a "hold" rating and set a $17.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price target on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the stock an "underweight" rating in a research report on Tuesday, September 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, October 8th. Finally, Barclays decreased their price objective on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an "underweight" rating for the company in a report on Thursday, August 28th. Three analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Strong Sell" and a consensus price target 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.

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