Clal Insurance Enterprises Holdings Ltd Has $18.18 Million Stake in ZIM Integrated Shipping Services Ltd. $ZIM

Clal Insurance Enterprises Holdings Ltd trimmed its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 83.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 690,000 shares of the company’s stock after selling 3,542,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in ZIM Integrated Shipping Services were worth $18,182,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ZIM. Hoey Investments Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $25,000. Lodestone Wealth Management LLC bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $29,000. Quarry LP bought a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $34,000. Huntington National Bank raised its stake in shares of ZIM Integrated Shipping Services by 200,000.0% in the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock valued at $42,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in ZIM Integrated Shipping Services by 158.8% in the 3rd quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock worth $44,000 after purchasing an additional 1,998 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Saar Dotan sold 11,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $26.11, for a total transaction of $287,210.00. Following the transaction, the executive vice president directly owned 90,667 shares in the company, 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 legal filing with the SEC, which is available at this link. Insiders sold 61,000 shares of company stock worth $1,537,310 over the last 90 days. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ZIM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. JPMorgan Chase & Co. lifted their price target on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company 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. Finally, Barclays upped their price objective on shares of ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.33.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $24.93 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.19 and a quick ratio of 1.09. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 30.78 and a beta of 1.19. The company’s fifty day moving average is $25.01 and its two-hundred day moving average is $25.18. 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 posted its quarterly earnings data 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 company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. Equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

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.