Yelin Lapidot Holdings Management Ltd. Has $86.13 Million Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

Yelin Lapidot Holdings Management Ltd. grew its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 0.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,268,773 shares of the company’s stock after buying an additional 19,939 shares during the quarter. ZIM Integrated Shipping Services accounts for approximately 17.9% of Yelin Lapidot Holdings Management Ltd.’s portfolio, making the stock its biggest position. Yelin Lapidot Holdings Management Ltd.’s holdings in ZIM Integrated Shipping Services were worth $86,132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hoey Investments Inc. bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $25,000. Lodestone Wealth Management LLC bought a new position in ZIM Integrated Shipping Services in the fourth quarter worth approximately $29,000. Huntington National Bank grew its stake in ZIM Integrated Shipping Services by 200,000.0% in the fourth 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 during the period. Quarry LP acquired a new stake in ZIM Integrated Shipping Services in the third quarter valued at approximately $34,000. Finally, Leonteq Securities AG bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $61,000. Institutional investors own 21.42% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Saar Dotan sold 20,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.63, for a total transaction of $492,600.00. Following the completion of the transaction, the executive vice president directly owned 131,667 shares of the company’s stock, valued at $3,242,958.21. This represents a 13.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 61,000 shares of company stock valued at $1,537,310 in the last 90 days. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZIM. Barclays upped their target price on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a research report on Monday, March 16th. Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and a consensus price target of $17.83.

ZIM Integrated Shipping Services Stock Up 0.0%

Shares of NYSE:ZIM opened at $25.59 on Monday. The company has a market capitalization of $3.08 billion, a PE ratio of 31.59 and a beta of 1.21. 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 business has a fifty day moving average price of $25.63 and a two-hundred day moving average price of $24.65. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly 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 company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. Analysts forecast that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current year.

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.