ZIM Integrated Shipping Services Ltd. $ZIM Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in ZIM Integrated Shipping Services by 113.2% in the first quarter, owning 314,186 shares valued at approximately $4.58 million.
• Despite recent increases in institutional investment, ZIM has faced rating downgrades from several research firms, with Barclays and Clarkson Capital lowering their price targets and ratings.
• ZIM reported a quarterly earnings miss with an EPS of $0.19, significantly below analyst expectations of $1.50, and also announced a reduced dividend of $0.06 per share.

Vident Advisory LLC increased its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 113.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,186 shares of the company's stock after purchasing an additional 166,848 shares during the period. Vident Advisory LLC owned 0.26% of ZIM Integrated Shipping Services worth $4,584,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at $12,322,000. BNP Paribas Financial Markets purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth about $16,381,000. Point72 Asset Management L.P. acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $14,324,000. Nomura Holdings Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $13,148,000. Finally, Nuveen Asset Management LLC boosted its position in ZIM Integrated Shipping Services by 750.0% during the fourth quarter. Nuveen Asset Management LLC now owns 625,833 shares of the company's stock worth $13,437,000 after acquiring an additional 552,206 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Up 0.5%

NYSE ZIM traded up $0.06 on Tuesday, hitting $13.67. 3,957,822 shares of the stock traded hands, compared to its average volume of 6,343,866. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average of $15.71 and a 200 day moving average of $16.39. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The company has a market capitalization of $1.65 billion, a P/E ratio of 0.82, a price-to-earnings-growth ratio of 0.16 and a beta of 1.74.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly 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 the consensus estimate of $1.84 billion. As a group, analysts expect 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 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, September 2nd.

Analysts Set New Price Targets

Several research analysts have weighed in on ZIM shares. 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. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. JPMorgan Chase & Co. upped their price target on shares of ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an "underweight" rating in a research report on Friday, August 22nd. Jefferies Financial Group reiterated a "hold" rating and issued a $17.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, August 20th. Finally, Wall Street Zen lowered ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Hold rating and five have issued 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 $14.58.

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.