24,000 Shares in ZIM Integrated Shipping Services Ltd. $ZIM Acquired by Oak Grove Capital LLC

Oak Grove Capital LLC purchased a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,000 shares of the company’s stock, valued at approximately $704,000.

Several other large investors have also recently bought and sold shares of ZIM. Yelin Lapidot Holdings Management Ltd. increased its holdings in shares of ZIM Integrated Shipping Services by 1.2% in the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after purchasing an additional 40,000 shares during the period. Sagil Capital LLP purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $1,486,000. State Street Corp lifted its position in ZIM Integrated Shipping Services by 2.9% in the 2nd quarter. State Street Corp now owns 1,485,508 shares of the company’s stock worth $38,623,000 after buying an additional 41,735 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at $7,283,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter valued at $1,023,000. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Down 1.0%

ZIM stock opened at $29.96 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $30.96. The company has a fifty day simple moving average of $28.44 and a 200 day simple moving average of $26.54. The firm has a market cap of $3.61 billion, a PE ratio of 26.06 and a beta of 1.22.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Thursday, August 20th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.27). ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Insider Activity at ZIM Integrated Shipping Services

In other news, Director Birger Meyer-Gloeckner sold 1,531 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $28.50, for a total transaction of $43,633.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Sami Jubran sold 3,020 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $29.91, for a total value of $90,328.20. The SEC filing for this sale provides additional information. Insiders have sold a total of 320,122 shares of company stock worth $9,114,905 in the last 90 days. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ZIM shares. Weiss Ratings raised shares of ZIM Integrated Shipping Services from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Zacks Research downgraded ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. upped 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. Finally, Barclays set a $30.00 price target on ZIM Integrated Shipping Services and gave the stock an “equal weight” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.50.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container liner company headquartered in Haifa, Israel. Founded in 1945, ZIM provides maritime transportation services for importers, exporters, manufacturers and other businesses that move goods internationally.

The company operates a network of container shipping routes connecting major trade lanes and ports across Asia, Europe, the Mediterranean, North America, Latin America and other regions. Its services include the transportation of dry and refrigerated containers, specialized cargo, and vehicles, supported by cargo handling, documentation and related logistics services.

ZIM also offers digital tools and logistics solutions designed to help customers manage shipments, track cargo and coordinate international supply chains.