Clal Insurance Enterprises Holdings Ltd Takes Position in ZIM Integrated Shipping Services Ltd. $ZIM

Clal Insurance Enterprises Holdings Ltd bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 4,232,000 shares of the company’s stock, valued at approximately $89,845,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC raised its holdings in shares of ZIM Integrated Shipping Services by 4.7% in the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock valued at $194,000 after purchasing an additional 638 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of ZIM Integrated Shipping Services by 2.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 24,219 shares of the company’s stock valued at $514,000 after purchasing an additional 689 shares during the period. HUB Investment Partners LLC raised its holdings in shares of ZIM Integrated Shipping Services by 6.4% in the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock valued at $192,000 after purchasing an additional 722 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of ZIM Integrated Shipping Services by 1.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 95,400 shares of the company’s stock valued at $1,293,000 after purchasing an additional 1,100 shares during the period. Finally, IHT Wealth Management LLC raised its holdings in shares of ZIM Integrated Shipping Services by 4.7% in the 2nd quarter. IHT Wealth Management LLC now owns 26,385 shares of the company’s stock valued at $425,000 after purchasing an additional 1,194 shares during the period. 21.42% of the stock is owned by institutional investors.

Insider Activity at ZIM Integrated Shipping Services

In other 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 transaction of $492,600.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 50,000 shares of company stock worth $1,250,100 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZIM. Citigroup raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and upped their target price for the company from $11.50 to $31.80 in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Barclays upped their target price on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.83.

ZIM Integrated Shipping Services Stock Up 1.1%

ZIM Integrated Shipping Services stock opened at $26.20 on Friday. The stock has a market cap of $3.16 billion, a P/E ratio of 32.34 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14. ZIM Integrated Shipping Services Ltd. has a twelve month low of $12.33 and a twelve month high of $29.97. The company’s 50-day moving average price is $25.91 and its two-hundred day moving average price is $24.24.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. As a group, analysts expect that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current year.

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.