GM Advisory Group LLC Invests $292,000 in ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• GM Advisory Group LLC has acquired a new stake in ZIM Integrated Shipping Services Ltd., purchasing 20,000 shares valued at approximately $292,000.
• The company's recent earnings report showed an EPS of $0.19, significantly missing analyst estimates of $1.50, alongside a reported revenue of $1.64 billion compared to expectations of $1.84 billion.
• ZIM Integrated Shipping Services announced a quarterly dividend of $0.06 per share, equating to a 1.6% yield, while institutional investors own 21.42% of the company's stock.

GM Advisory Group LLC acquired a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,000 shares of the company's stock, valued at approximately $292,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its position in shares of ZIM Integrated Shipping Services by 150.2% during the 4th quarter. Northern Trust Corp now owns 212,148 shares of the company's stock worth $4,555,000 after buying an additional 127,367 shares during the period. Mariner LLC bought a new position in ZIM Integrated Shipping Services during the 4th quarter worth approximately $735,000. Janney Montgomery Scott LLC grew its holdings in ZIM Integrated Shipping Services by 13.8% during the first 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 period. Cambridge Investment Research Advisors Inc. increased its stake in ZIM Integrated Shipping Services by 7.6% in the first 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 in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in ZIM Integrated Shipping Services by 121.7% in the fourth quarter. Russell Investments Group Ltd. now owns 12,595 shares of the company's stock valued at $270,000 after purchasing an additional 6,913 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Trading Down 1.1%

ZIM opened at $15.3780 on Thursday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 0.79, a P/E/G ratio of 0.21 and a beta of 1.75. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.03 and a 12 month high of $30.15. The firm's fifty day simple moving average is $16.24 and its 200 day simple moving average is $16.71.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly 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). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. As a group, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal 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 paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.6%. ZIM Integrated Shipping Services's payout ratio is 4.76%.

Analysts Set New Price Targets

ZIM has been the subject of several research analyst reports. Barclays boosted their price target on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a report on Friday, June 27th. Jefferies Financial Group reiterated a "hold" rating and set a $17.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday. Citigroup reissued a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Finally, Clarkson Capital downgraded ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a report on Tuesday, May 20th. Two analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Sell" and an average price target of $14.82.

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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