Inspire Investing LLC Buys Shares of 47,730 ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• Inspire Investing LLC acquired a new stake in ZIM Integrated Shipping Services, purchasing 47,730 shares valued at approximately $768,000 in the second quarter.
• Recent quarterly earnings from ZIM reported a net margin of 23.37% and revenue of $1.64 billion, falling short of estimates, with earnings per share at $0.19.
• ZIM has cut its dividend to $0.06 per share, reflecting an annualized yield of 1.9% amidst ongoing market challenges.

Inspire Investing LLC bought a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,730 shares of the company's stock, valued at approximately $768,000.

Several other large investors also recently modified their holdings of the stock. Kingswood Wealth Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter worth approximately $342,000. Autumn Glory Partners LLC grew its position in shares of ZIM Integrated Shipping Services by 6.0% during the 2nd quarter. Autumn Glory Partners LLC now owns 35,500 shares of the company's stock worth $571,000 after buying an additional 2,000 shares during the period. Chung Wu Investment Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter worth approximately $172,000. Public Employees Retirement System of Ohio grew its position in shares of ZIM Integrated Shipping Services by 19.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 94,300 shares of the company's stock worth $1,517,000 after buying an additional 15,500 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter worth approximately $416,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM opened at $12.42 on Monday. ZIM Integrated Shipping Services Ltd. has a 12-month low of $11.03 and a 12-month high of $30.15. The business's fifty day moving average is $14.52 and its 200 day moving average is $15.32. 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 $1.49 billion, a P/E ratio of 0.75 and a beta of 1.72.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.84 billion. Sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a yield of 1.9%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 1.44%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $17.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price objective 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. Citigroup reiterated a "sell" rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Finally, Barclays cut their target price on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an "underweight" rating on the stock in a report on Thursday, August 28th. Three analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Sell" and a consensus target price 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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