Global Retirement Partners LLC Invests $1.02 Million in ZIM Integrated Shipping Services Ltd. $ZIM

Global Retirement Partners LLC bought a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the second quarter, HoldingsChannel.com reports. The firm bought 39,357 shares of the company’s stock, valued at approximately $1,023,000.

Several other institutional investors have also modified their holdings of ZIM. Hoey Investments Inc. acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at about $25,000. Quarry LP purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth 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 purchasing an additional 2,000 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of 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. Finally, Triumph Capital Management bought a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ZIM Integrated Shipping Services Stock Down 1.1%

Shares of NYSE:ZIM opened at $28.50 on Wednesday. The firm has a market capitalization of $3.44 billion, a PE ratio of 35.19 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 Ltd. has a 52-week low of $12.33 and a 52-week high of $29.97. The firm has a fifty day moving average of $25.33 and a 200 day moving average of $25.71.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its 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 net margin of 1.56% and a negative return on equity of 0.26%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. As a group, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Insider Activity at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 11,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $26.11, for a total value of $287,210.00. Following the transaction, the executive vice president owned 90,667 shares of the company’s stock, valued at approximately $2,367,315.37. This represents a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 61,000 shares of company stock worth $1,537,310 over the last 90 days. Company 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.