76,204 Shares of ZIM Integrated Shipping Services Ltd. $ZIM Purchased by RHL Group LLC

RHL Group LLC acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 76,204 shares of the company’s stock, valued at approximately $2,234,000. ZIM Integrated Shipping Services accounts for 1.5% of RHL Group LLC’s portfolio, making the stock its 16th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZIM. Yelin Lapidot Holdings Management Ltd. lifted its position in ZIM Integrated Shipping Services by 1.2% during the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after purchasing an additional 40,000 shares during the period. Renaissance Technologies LLC grew its position in shares of ZIM Integrated Shipping Services by 2.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,936,288 shares of the company’s stock worth $77,371,000 after buying an additional 58,603 shares during the period. State Street Corp grew its position in shares of ZIM Integrated Shipping Services by 2.9% during the 2nd quarter. State Street Corp now owns 1,485,508 shares of the company’s stock worth $38,623,000 after buying an additional 41,735 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter worth approximately $30,302,000. Finally, Hsbc Holdings PLC raised its stake in shares of ZIM Integrated Shipping Services by 0.7% during the second quarter. Hsbc Holdings PLC now owns 626,390 shares of the company’s stock worth $16,236,000 after buying an additional 4,250 shares during the last quarter. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM opened at $27.96 on Monday. The stock has a market cap of $3.37 billion, a P/E ratio of 24.32 and a beta of 1.27. ZIM Integrated Shipping Services Ltd. has a 1 year low of $14.19 and a 1 year high of $30.98. The stock’s 50-day moving average price is $29.22 and its two-hundred day moving average price is $26.59. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.16). The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. On average, equities analysts predict that ZIM Integrated Shipping Services Ltd. will post 8.86 earnings per share for the current year.

Insider Buying and Selling at ZIM Integrated Shipping Services

In related news, EVP Xavier Destriau sold 12,084 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $28.80, for a total transaction of $348,019.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nissim Yochai sold 7,535 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $28.83, for a total transaction of $217,234.05. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 320,122 shares of company stock worth $9,114,905 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of ZIM Integrated Shipping Services from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Barclays raised shares of ZIM Integrated Shipping Services from an “underweight” rating to an “equal weight” rating and set a $30.00 price objective on the stock in a research note on Monday, September 14th. Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Wall Street Zen raised ZIM Integrated Shipping Services to a “strong-buy” rating in a research note on Saturday, October 24th. Finally, JPMorgan Chase & Co. increased their price target on ZIM Integrated Shipping Services from $16.50 to $22.00 and gave the company an “underweight” rating in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.42.

ZIM Integrated Shipping Services Profile

ZIM Integrated Shipping Services Ltd. is an international container shipping company headquartered in Haifa, Israel. It transports cargo on global trade routes and provides related logistics services, including inland transportation and cargo-management solutions.

The company operates a network of shipping services using a combination of owned and chartered vessels, along with containers and partnerships with other carriers. Its offerings serve businesses moving a range of goods, including refrigerated and other specialized cargo.

Founded in 1945 as ZIM Israel Navigation Company, ZIM developed from a regional Israeli shipping operator into an international carrier.