ZIM Integrated Shipping Services Ltd. $ZIM Holdings Lifted by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its stake in ZIM Integrated Shipping Services Ltd. by 19.1%, now owning 2,280,289 shares valued at approximately $33 million.
• ZIM Integrated Shipping Services recently declared a $0.06 quarterly dividend, resulting in an annualized yield of 1.6% amidst a significant decrease in expected earnings.
• Several analysts have given ZIM a “Strong Sell” rating with a consensus price target of $14.82, highlighting ongoing uncertainty in the company's financial outlook.

American Century Companies Inc. grew its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 19.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,280,289 shares of the company's stock after purchasing an additional 366,205 shares during the quarter. American Century Companies Inc. owned approximately 1.89% of ZIM Integrated Shipping Services worth $33,269,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Allianz Asset Management GmbH raised its stake in shares of ZIM Integrated Shipping Services by 0.5% in the 1st quarter. Allianz Asset Management GmbH now owns 1,395,542 shares of the company's stock valued at $20,361,000 after purchasing an additional 6,508 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. raised its stake in shares of ZIM Integrated Shipping Services by 8.6% in the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 1,355,363 shares of the company's stock valued at $19,775,000 after purchasing an additional 107,400 shares in the last quarter. Citigroup Inc. raised its stake in shares of ZIM Integrated Shipping Services by 1.1% in the 1st quarter. Citigroup Inc. now owns 1,325,312 shares of the company's stock valued at $19,336,000 after purchasing an additional 14,088 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of ZIM Integrated Shipping Services by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 872,199 shares of the company's stock valued at $12,725,000 after purchasing an additional 36,441 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter valued at about $12,322,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM traded down $0.22 on Wednesday, hitting $14.26. The stock had a trading volume of 3,324,970 shares, compared to its average volume of 6,404,155. ZIM Integrated Shipping Services Ltd. has a one year low of $11.03 and a one year high of $30.15. 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 stock has a market cap of $1.72 billion, a price-to-earnings ratio of 0.86, a P/E/G ratio of 0.17 and a beta of 1.75. The company's 50-day moving average is $15.94 and its two-hundred day moving average is $16.59.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results on Wednesday, August 20th. The company reported $0.19 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 firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.7%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 5.59%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective on the stock. in a research note on Tuesday, May 20th. Jefferies Financial Group reiterated a "hold" rating and set a $17.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Barclays increased their price objective on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research note on Friday, June 27th. Finally, Citigroup reiterated a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Two research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Strong Sell" and a consensus price target of $14.88.

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.