Charles Schwab Investment Management Inc. Has $12.73 Million Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in ZIM Integrated Shipping Services Ltd. by 4.4%, now owning approximately 0.72% of the company, valued at about $12.7 million.
• Analysts have issued mixed ratings for ZIM, with several maintaining "sell" ratings and others revising price targets, resulting in an average rating of "Strong Sell" with a target price of $14.88.
• ZIM reported earnings of $0.19 per share, significantly missing analyst expectations, and the company has declared a quarterly dividend of $0.06 per share with a yield of 1.7%.

Charles Schwab Investment Management Inc. grew its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 872,199 shares of the company's stock after acquiring an additional 36,441 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.72% of ZIM Integrated Shipping Services worth $12,725,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ZIM. Geode Capital Management LLC boosted its position in ZIM Integrated Shipping Services by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 95,839 shares of the company's stock worth $2,058,000 after acquiring an additional 7,753 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $1,771,000. Mariner LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $735,000. Stifel Financial Corp bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $962,000. Finally, IHT Wealth Management LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $511,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Performance

ZIM traded down $0.22 during trading hours on Wednesday, reaching $14.26. The company's stock had a trading volume of 3,324,970 shares, compared to its average volume of 6,253,107. ZIM Integrated Shipping Services Ltd. has a 52 week low of $11.03 and a 52 week high of $30.15. The company's 50-day moving average is $16.01 and its 200-day moving average is $16.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20. The firm has a market cap of $1.72 billion, a PE ratio of 0.86, a price-to-earnings-growth ratio of 0.19 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 23.37% and a return on equity of 50.61%. On average, equities 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 announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd will be given 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 payout ratio is 5.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ZIM shares. JPMorgan Chase & Co. upped their price objective on ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an "underweight" rating in a research note on Friday, August 22nd. Clarkson Capital cut ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective on the stock. in a research note on Tuesday, May 20th. Barclays upped their price objective on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research note on Friday, June 27th. Jefferies Financial Group reiterated a "hold" rating and set a $17.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Finally, Wall Street Zen cut ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Strong Sell" and a consensus target price of $14.88.

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.