Mitsubishi UFJ Trust & Banking Corp Sells 206,629 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

Mitsubishi UFJ Trust & Banking Corp decreased its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 87.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,117 shares of the company’s stock after selling 206,629 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in ZIM Integrated Shipping Services were worth $783,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pictet Asset Management Holding SA grew its stake in ZIM Integrated Shipping Services by 2.3% in the first quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock worth $594,000 after purchasing an additional 497 shares in the last quarter. Lazard Asset Management LLC raised its position in ZIM Integrated Shipping Services by 4.7% during the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock valued at $194,000 after purchasing an additional 638 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in ZIM Integrated Shipping Services by 2.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 24,219 shares of the company’s stock valued at $514,000 after purchasing an additional 689 shares in the last quarter. HUB Investment Partners LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 6.4% in the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after buying an additional 722 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of ZIM Integrated Shipping Services by 0.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 129,800 shares of the company’s stock worth $3,420,000 after buying an additional 1,000 shares during the period. Institutional investors own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ZIM. Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Finally, Barclays boosted their price target on shares of ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, June 30th. Two research 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.33.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $28.15 on Friday. The company has a 50 day moving average price of $25.20 and a 200 day moving average price of $25.61. The firm has a market capitalization of $3.39 billion, a P/E ratio of 34.76 and a beta of 1.21. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14. ZIM Integrated Shipping Services Ltd. has a 52 week low of $12.33 and a 52 week high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results 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). ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%.The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

Insider Activity

In other news, EVP Saar Dotan sold 20,000 shares of ZIM Integrated Shipping Services stock in a transaction 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 sale, the executive vice president directly owned 131,667 shares in the company, valued at approximately $3,242,958.21. The trade was a 13.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 61,000 shares of company stock valued at $1,537,310 over the last three months. 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.