U S Global Investors Inc. Acquires 8,097 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

U S Global Investors Inc. grew its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 49.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,475 shares of the company’s stock after acquiring an additional 8,097 shares during the period. U S Global Investors Inc.’s holdings in ZIM Integrated Shipping Services were worth $394,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in shares of ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after purchasing an additional 788,514 shares in the last quarter. American Century Companies Inc. increased its stake in shares of ZIM Integrated Shipping Services by 19.1% in the first quarter. American Century Companies Inc. now owns 2,280,289 shares of the company’s stock worth $33,269,000 after purchasing an additional 366,205 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of ZIM Integrated Shipping Services by 0.5% in the first 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. increased its stake in shares of ZIM Integrated Shipping Services by 8.6% in the first 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. Finally, Citigroup Inc. increased its stake in shares of ZIM Integrated Shipping Services by 1.1% in the first quarter. Citigroup Inc. now owns 1,325,312 shares of the company’s stock worth $19,336,000 after purchasing an additional 14,088 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Stock Performance

ZIM opened at $12.42 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 0.75, a PEG ratio of 0.13 and a beta of 1.72. The company has a fifty day moving average of $14.52 and a 200 day moving average of $15.32. 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 1.20, a quick ratio of 1.11 and a current ratio of 1.20.

ZIM Integrated Shipping Services (NYSE:ZIM) 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). ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%.The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.84 billion. As a group, sell-side analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were issued a $0.06 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.9%. ZIM Integrated Shipping Services’s payout ratio is 1.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a $17.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Wall Street Zen cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Finally, Barclays cut their target price on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a research note on Thursday, August 28th. Three research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Strong Sell” and a consensus price target 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.