Swiss National Bank Grows Stock Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• The Swiss National Bank increased its holdings in ZIM Integrated Shipping Services by 14.6% during the first quarter, now owning 234,600 shares valued at approximately $3.42 million.
• ZIM's stock has faced pressure, with recent earnings showing a miss on consensus estimates, reporting $0.19 earnings per share compared to an expected $1.50.
• Analysts have mixed views on ZIM, with a current average rating of "Strong Sell" and a target price of $14.82, highlighting declining confidence in the stock's performance.

Swiss National Bank grew its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 14.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,600 shares of the company's stock after purchasing an additional 29,900 shares during the quarter. Swiss National Bank owned about 0.19% of ZIM Integrated Shipping Services worth $3,423,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Allianz Asset Management GmbH lifted its stake in 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 worth $20,361,000 after purchasing an additional 6,508 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. lifted its stake in 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 worth $19,775,000 after purchasing an additional 107,400 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 worth $12,725,000 after purchasing an additional 36,441 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in ZIM Integrated Shipping Services in the 4th quarter worth approximately $16,381,000. Finally, Point72 Asset Management L.P. purchased a new position in ZIM Integrated Shipping Services in the 4th quarter worth approximately $14,324,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target on the stock. in a research report on Tuesday, May 20th. Citigroup reaffirmed a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Barclays lifted 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 research report on Friday, June 27th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $17.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday. Two analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Strong Sell" and an average target price of $14.82.

ZIM Integrated Shipping Services Stock Down 1.1%

ZIM Integrated Shipping Services stock opened at $15.3780 on Thursday. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.03 and a fifty-two week high of $30.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.18. The firm has a 50 day moving average price of $16.24 and a 200 day moving average price of $16.71. The company has a market capitalization of $1.85 billion, a PE ratio of 0.79, a price-to-earnings-growth ratio of 0.21 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results 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 26.52% and a return on equity of 63.46%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.84 billion. Research 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 firm also recently declared 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 dividend yield of 1.6%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 4.76%.

ZIM Integrated Shipping Services 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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