Sagil Capital LLP Buys New Stake in ZIM Integrated Shipping Services Ltd. $ZIM

Sagil Capital LLP bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 70,000 shares of the company’s stock, valued at approximately $1,486,000. ZIM Integrated Shipping Services accounts for about 0.3% of Sagil Capital LLP’s portfolio, making the stock its 15th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its stake in shares of ZIM Integrated Shipping Services by 4.7% during the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock worth $194,000 after acquiring an additional 638 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of ZIM Integrated Shipping Services by 2.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 24,219 shares of the company’s stock worth $514,000 after acquiring an additional 689 shares in the last quarter. HUB Investment Partners LLC boosted its stake in shares of ZIM Integrated Shipping Services by 6.4% during the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after acquiring an additional 722 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of ZIM Integrated Shipping Services by 1.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 95,400 shares of the company’s stock worth $1,293,000 after acquiring an additional 1,100 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of ZIM Integrated Shipping Services by 4.7% during the 2nd quarter. IHT Wealth Management LLC now owns 26,385 shares of the company’s stock worth $425,000 after acquiring an additional 1,194 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Price Performance

ZIM opened at $25.92 on Friday. The stock has a fifty day moving average of $25.90 and a 200-day moving average of $24.22. The firm has a market capitalization of $3.12 billion, a P/E ratio of 31.99 and a beta of 1.20. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month high of $29.97. 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 (NYSE:ZIM) last released its earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. Equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current fiscal year.

Insider Activity

In related news, EVP Saar Dotan sold 15,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $25.41, for a total transaction of $381,150.00. Following the completion of the sale, the executive vice president directly owned 101,667 shares in the company, valued at approximately $2,583,358.47. This trade represents a 12.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 50,000 shares of company stock worth $1,250,100 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ZIM has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Barclays increased their target price on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a report on Monday, March 16th. Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and increased their target price for the company from $11.50 to $31.80 in a report on Thursday, February 19th. Finally, Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.83.

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.