GM Advisory Group LLC Takes $292,000 Position 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 its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the company's stock, valued at approximately $292,000.

Several other large investors have also recently made changes to their positions in ZIM. New York State Common Retirement Fund purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter worth approximately $30,000. Employees Retirement System of Texas purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $45,000. Miracle Mile Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter worth approximately $146,000. TD Asset Management Inc purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter worth approximately $155,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter worth approximately $161,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZIM has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an "underweight" rating in a research report on Friday. Jefferies Financial Group restated a "hold" rating and issued a $17.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, August 20th. Barclays upped their price target on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research note on Friday, June 27th. Wall Street Zen lowered ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Two research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Sell" and an average price target of $14.88.

ZIM Integrated Shipping Services Trading Up 1.7%

Shares of NYSE:ZIM traded up $0.24 during midday trading on Tuesday, reaching $14.38. The company's stock had a trading volume of 2,825,781 shares, compared to its average volume of 6,250,761. ZIM Integrated Shipping Services Ltd. has a 1 year low of $11.03 and a 1 year high of $30.15. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 0.86, a price-to-earnings-growth ratio of 0.19 and a beta of 1.75. 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 business has a 50 day moving average price of $16.07 and a 200 day moving average price of $16.62.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its 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). ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.84 billion. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.7%. ZIM Integrated Shipping Services's dividend payout ratio is presently 1.44%.

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.