ZIM Integrated Shipping Services Ltd. $ZIM Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lowered its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 16.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,840 shares of the company’s stock after selling 2,500 shares during the period. Valeo Financial Advisors LLC’s holdings in ZIM Integrated Shipping Services were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in ZIM Integrated Shipping Services during the 1st quarter worth approximately $30,000. TD Asset Management Inc purchased a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter worth $155,000. Vontobel Holding Ltd. purchased a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter worth $161,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter worth $161,000. Finally, Baron Wealth Management LLC acquired a new stake in ZIM Integrated Shipping Services in the second quarter valued at $192,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZIM has been the topic of a number of recent analyst reports. Barclays dropped their price objective 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. Citigroup reaffirmed a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Jefferies Financial Group restated 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. Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of “Strong Sell” and a consensus target price of $14.62.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $12.42 on Friday. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.03 and a 12 month high of $30.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11. 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 firm’s fifty day simple moving average is $14.52 and its 200-day simple moving average is $15.32.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced 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 return on equity of 50.61% and a net margin of 23.37%.The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current 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 of this dividend 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 is currently 1.44%.

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.