Y.D. More Investments Ltd Sells 2,762,872 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

Y.D. More Investments Ltd trimmed its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 73.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,019,873 shares of the company’s stock after selling 2,762,872 shares during the quarter. ZIM Integrated Shipping Services accounts for approximately 1.0% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 18th biggest holding. Y.D. More Investments Ltd’s holdings in ZIM Integrated Shipping Services were worth $26,874,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Value Base Ltd. bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $1,316,000. Sagil Capital LLP bought a new position in ZIM Integrated Shipping Services during the fourth quarter worth $1,486,000. Aquatic Capital Management LLC grew its holdings in ZIM Integrated Shipping Services by 40.5% in the third quarter. Aquatic Capital Management LLC now owns 428,567 shares of the company’s stock worth $5,807,000 after purchasing an additional 123,451 shares during the period. GM Advisory Group LLC bought a new stake in ZIM Integrated Shipping Services in the third quarter valued at $1,355,000. Finally, PFG Investments LLC increased its stake in ZIM Integrated Shipping Services by 132.8% in the fourth quarter. PFG Investments LLC now owns 79,791 shares of the company’s stock valued at $1,694,000 after purchasing an additional 45,514 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ZIM. JPMorgan Chase & Co. increased 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Barclays upped their price target on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.33.

ZIM Integrated Shipping Services Stock Performance

ZIM opened at $23.96 on Monday. ZIM Integrated Shipping Services Ltd. has a 1-year low of $12.33 and a 1-year high of $29.97. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 29.59 and a beta of 1.19. The company’s fifty day moving average price is $25.34 and its two-hundred day moving average price is $25.01. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data 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). 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 analyst estimates of $1.48 billion. On average, analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Insider Transactions at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 20,000 shares of the business’s 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 completion of the sale, the executive vice president directly owned 131,667 shares of the company’s stock, valued at approximately $3,242,958.21. The trade was a 13.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 61,000 shares of company stock worth $1,537,310. 1.30% of the stock is currently owned by insiders.

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.