PFG Investments LLC Sells 60,806 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

PFG Investments LLC decreased its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 76.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,985 shares of the company’s stock after selling 60,806 shares during the quarter. PFG Investments LLC’s holdings in ZIM Integrated Shipping Services were worth $500,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock valued at $68,879,000 after purchasing an additional 788,514 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $89,845,000. Y.D. More Investments Ltd increased its stake in shares of ZIM Integrated Shipping Services by 378,174.5% in the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock valued at $80,308,000 after buying an additional 3,781,745 shares during the period. Yelin Lapidot Holdings Management Ltd. raised its holdings in ZIM Integrated Shipping Services by 0.6% in the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,268,773 shares of the company’s stock valued at $86,132,000 after buying an additional 19,939 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in ZIM Integrated Shipping Services by 20.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,355 shares of the company’s stock worth $30,409,000 after buying an additional 243,086 shares during the period. Institutional investors and hedge funds own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th. Zacks Research upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. raised their target price on 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. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.33.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $23.95 on Wednesday. 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 firm has a market cap of $2.89 billion, a price-to-earnings ratio of 29.57 and a beta of 1.19. The company’s fifty day simple moving average is $25.44 and its 200 day simple moving average is $24.91. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month 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 for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The business had revenue of $1.40 billion during 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%. On average, analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.

Insider Buying and Selling

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 11,000 shares of ZIM Integrated Shipping Services stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $26.11, for a total value of $287,210.00. Following the completion of the sale, the executive vice president directly owned 90,667 shares in the company, valued at approximately $2,367,315.37. The trade was a 10.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 61,000 shares of company stock worth $1,537,310 over the last ninety days. Company insiders own 1.30% of the company’s stock.

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.