American Century Companies Inc. Has $39 Million Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

American Century Companies Inc. boosted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,759,141 shares of the company’s stock after buying an additional 127,229 shares during the period. American Century Companies Inc. owned approximately 1.46% of ZIM Integrated Shipping Services worth $39,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of ZIM. Charles Schwab Investment Management Inc. increased its position in ZIM Integrated Shipping Services by 82.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,103 shares of the company’s stock worth $5,054,000 after purchasing an additional 231,955 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of ZIM Integrated Shipping Services by 1,446.0% during the 4th quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company’s stock valued at $1,595,000 after acquiring an additional 151,102 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $854,000. Axxcess Wealth Management LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $546,000. Finally, Seven Eight Capital LP increased its holdings in shares of ZIM Integrated Shipping Services by 166.1% during the 4th quarter. Seven Eight Capital LP now owns 83,745 shares of the company’s stock valued at $827,000 after acquiring an additional 52,270 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bank of America increased their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Citigroup lowered ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and increased their price objective for the company from $11.60 to $13.00 in a report on Thursday, June 6th. Barclays increased their target price on ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an “underweight” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $22.00 target price on shares of ZIM Integrated Shipping Services in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. According to MarketBeat, ZIM Integrated Shipping Services has a consensus rating of “Reduce” and a consensus price target of $14.84.

ZIM Integrated Shipping Services Stock Performance

NYSE:ZIM opened at $19.69 on Wednesday. The firm’s 50-day moving average is $18.63 and its 200-day moving average is $16.53. ZIM Integrated Shipping Services Ltd. has a 52-week low of $6.39 and a 52-week high of $23.82. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -0.93, a PEG ratio of 0.04 and a beta of 1.83.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $1.01. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm posted ($1.37) EPS. Equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 10.87 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were paid a $0.93 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $3.72 dividend on an annualized basis and a yield of 18.89%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. ZIM Integrated Shipping Services’s payout ratio is presently -4.35%.

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.