Ritholtz Wealth Management Invests $537,000 in ZIM Integrated Shipping Services Ltd. $ZIM

Ritholtz Wealth Management acquired a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 20,369 shares of the company’s stock, valued at approximately $537,000.

A number of other large investors also recently bought and sold shares of ZIM. Goldman Sachs Group Inc. lifted its holdings in ZIM Integrated Shipping Services by 20.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after buying an additional 788,514 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $89,845,000. Y.D. More Investments Ltd increased its holdings in shares of ZIM Integrated Shipping Services by 378,174.5% in the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock valued at $80,308,000 after acquiring an additional 3,781,745 shares during the period. Yelin Lapidot Holdings Management Ltd. raised its position in shares of ZIM Integrated Shipping Services by 34.1% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock worth $68,973,000 after acquiring an additional 825,848 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of ZIM Integrated Shipping Services by 13.5% in the 3rd quarter. American Century Companies Inc. now owns 2,986,637 shares of the company’s stock worth $40,469,000 after acquiring an additional 354,538 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

Insider Buying and Selling at ZIM Integrated Shipping Services

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

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $26.00 on Wednesday. The firm has a market capitalization of $3.13 billion, a P/E ratio of 32.11 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. The company has a 50 day moving average price of $25.59 and a 200 day moving average price of $24.73. ZIM Integrated Shipping Services Ltd. has a 52 week low of $12.33 and a 52 week high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its 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). 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 for the quarter, compared to analysts’ expectations of $1.48 billion. Sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ZIM. Barclays raised their price objective on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and an average price target of $19.33.

ZIM Integrated Shipping Services Company 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.