Autumn Glory Partners LLC Increases Stock Position in ZIM Integrated Shipping Services Ltd. $ZIM

Autumn Glory Partners LLC grew its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,500 shares of the company’s stock after buying an additional 2,000 shares during the period. Autumn Glory Partners LLC’s holdings in ZIM Integrated Shipping Services were worth $571,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Aigen Investment Management LP grew its stake in shares of ZIM Integrated Shipping Services by 5.4% during the 1st quarter. Aigen Investment Management LP now owns 16,842 shares of the company’s stock valued at $246,000 after buying an additional 867 shares during the period. Regatta Capital Group LLC grew its stake in shares of ZIM Integrated Shipping Services by 7.6% during the 1st quarter. Regatta Capital Group LLC now owns 14,699 shares of the company’s stock valued at $214,000 after buying an additional 1,040 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at $30,000. State of Wyoming grew its stake in shares of ZIM Integrated Shipping Services by 11.3% during the 1st quarter. State of Wyoming now owns 25,670 shares of the company’s stock valued at $375,000 after buying an additional 2,602 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of ZIM Integrated Shipping Services by 8.2% during the 1st quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock valued at $596,000 after buying an additional 3,102 shares during the period. 21.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research report on Saturday, September 27th. 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, August 20th. JPMorgan Chase & Co. upped 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 report on Tuesday, September 30th. Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a research report on Thursday, August 28th. Finally, Wall Street Zen cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Three research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus target price of $14.62.

ZIM Integrated Shipping Services Stock Performance

NYSE:ZIM opened at $13.89 on Monday. 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 firm has a 50-day moving average of $14.80 and a two-hundred day moving average of $15.41. The stock has a market cap of $1.67 billion, a P/E ratio of 0.83, a PEG ratio of 0.16 and a beta of 1.72. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.03 and a 1-year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data 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). The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations 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, research 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 was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. ZIM Integrated Shipping Services’s dividend payout ratio is 1.44%.

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.