Yelin Lapidot Holdings Management Ltd. Buys 19,939 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,268,773 shares of the company’s stock after purchasing an additional 19,939 shares during the period. ZIM Integrated Shipping Services accounts for 17.9% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its biggest position. Yelin Lapidot Holdings Management Ltd. owned about 2.71% of ZIM Integrated Shipping Services worth $86,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of ZIM Integrated Shipping Services by 8.2% in the 1st quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock valued at $596,000 after purchasing an additional 3,102 shares during the last quarter. NewEdge Advisors LLC bought a new position in ZIM Integrated Shipping Services in the first quarter valued at about $210,000. Goldman Sachs Group Inc. raised its stake 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 acquiring an additional 788,514 shares in the last quarter. Geode Capital Management LLC raised its stake in ZIM Integrated Shipping Services by 5.6% during the second quarter. Geode Capital Management LLC now owns 119,218 shares of the company’s stock worth $1,915,000 after acquiring an additional 6,342 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of ZIM Integrated Shipping Services by 505.1% in the second quarter. Russell Investments Group Ltd. now owns 76,738 shares of the company’s stock worth $1,236,000 after acquiring an additional 64,057 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Up 0.0%

NYSE:ZIM opened at $25.59 on Monday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $12.33 and a 52 week high of $29.97. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.19. The firm’s fifty day moving average is $25.63 and its 200-day moving average is $24.65. The firm has a market cap of $3.08 billion, a P/E ratio of 31.59 and a beta of 1.21.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The firm 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 analysts expect that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current year.

Insider Transactions at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 20,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was 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 in the company, valued at approximately $3,242,958.21. This represents a 13.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 61,000 shares of company stock valued at $1,537,310 over the last quarter. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ZIM has been the topic of several recent research reports. Barclays raised their price objective 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. One investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.83.

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.