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

Yelin Lapidot Holdings Management Ltd. grew its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,308,773 shares of the company’s stock after purchasing 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 holding. Yelin Lapidot Holdings Management Ltd. owned approximately 2.75% of ZIM Integrated Shipping Services worth $86,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arista Wealth Management LLC purchased a new stake in ZIM Integrated Shipping Services in the second quarter worth about $208,000. LifeGoal Investments LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 2nd quarter worth approximately $261,000. NewEdge Advisors LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 1st quarter worth approximately $286,000. Oddo BHF Asset Management Sas purchased a new position in shares of ZIM Integrated Shipping Services during the 1st quarter worth approximately $30,302,000. Finally, Amundi bought a new position in shares of ZIM Integrated Shipping Services in the 1st quarter worth approximately $306,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $28.15 on Friday. The company has a 50 day simple moving average of $25.20 and a two-hundred day simple moving average of $25.61. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $12.33 and a fifty-two week high of $29.97. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 34.76 and a beta of 1.21. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.19.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%.The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. Analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at ZIM Integrated Shipping Services

In other news, EVP Saar Dotan sold 11,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $26.11, for a total transaction of $287,210.00. Following the completion of the transaction, the executive vice president directly owned 90,667 shares in the company, valued at $2,367,315.37. This trade represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 61,000 shares of company stock valued at $1,537,310 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

About ZIM Integrated Shipping Services

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.