ZIM Integrated Shipping Services Ltd. $ZIM is Yelin Lapidot Holdings Management Ltd.’s Largest Position

Yelin Lapidot Holdings Management Ltd. boosted its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,308,773 shares of the company’s stock after buying an additional 40,000 shares during the period. ZIM Integrated Shipping Services makes up 16.3% of Yelin Lapidot Holdings Management Ltd.’s investment portfolio, making the stock its largest position. Yelin Lapidot Holdings Management Ltd.’s holdings in ZIM Integrated Shipping Services were worth $86,028,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ZIM. Hoey Investments Inc. purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth $25,000. Huntington National Bank lifted its holdings in shares of ZIM Integrated Shipping Services by 200,000.0% during the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock valued at $42,000 after purchasing an additional 2,000 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at $59,000. Quarry LP purchased a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at $34,000. Finally, Leonteq Securities AG bought a new stake in ZIM Integrated Shipping Services in the 4th quarter worth about $61,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Saar Dotan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.63, for a total value of $492,600.00. Following the transaction, the executive vice president owned 131,667 shares of the company’s stock, valued at approximately $3,242,958.21. This trade represents a 13.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 61,000 shares of company stock valued at $1,537,310 over the last quarter. Company insiders own 1.30% of the company’s stock.

ZIM Integrated Shipping Services Stock Up 5.0%

ZIM Integrated Shipping Services stock opened at $28.15 on Friday. ZIM Integrated Shipping Services Ltd. has a one year low of $12.33 and a one year high of $29.97. The stock has a fifty day moving average of $25.20 and a 200 day moving average of $25.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.19. The stock has a market cap of $3.39 billion, a PE ratio of 34.76 and a beta of 1.21.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. As a group, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ZIM shares. Barclays boosted their target price on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 30th. Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.33.

ZIM Integrated Shipping Services Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.