Arista Wealth Management LLC Takes $468,000 Position in ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• Arista Wealth Management LLC has acquired a new position in ZIM Integrated Shipping Services Ltd., purchasing 29,100 shares valued at approximately $468,000.
• During the 1st quarter, several institutional investors increased their stakes in ZIM, with American Century Companies Inc. boosting their holdings by 19.1% and owning 2.28 million shares valued at $33.27 million.
• ZIM reported a missed earnings target for the quarter, with an EPS of $0.19 against a consensus estimate of $1.50, and a significant revenue shortfall compared to analyst expectations.

Arista Wealth Management LLC acquired a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,100 shares of the company's stock, valued at approximately $468,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in shares of ZIM Integrated Shipping Services by 13.8% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $8,112,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of 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 buying an additional 6,873 shares during the period. American Century Companies Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 19.1% during the 1st quarter. American Century Companies Inc. now owns 2,280,289 shares of the company's stock valued at $33,269,000 after buying an additional 366,205 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $457,000. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Up 1.0%

Shares of ZIM stock opened at $13.46 on Friday. 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 1 year low of $11.03 and a 1 year high of $30.15. The stock has a fifty day moving average of $14.27 and a two-hundred day moving average of $15.25. The firm has a market capitalization of $1.62 billion, a PE 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 (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Cuts Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on ZIM shares. Wall Street Zen downgraded ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. 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. JPMorgan Chase & Co. boosted their price objective on 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. Finally, Weiss Ratings restated a "hold (c)" rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Sell" and an average target price of $14.62.

About ZIM Integrated Shipping Services

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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