Oddo BHF Asset Management Sas Takes Position in ZIM Integrated Shipping Services Ltd. $ZIM

Oddo BHF Asset Management Sas bought a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 1,150,000 shares of the company’s stock, valued at approximately $30,302,000. ZIM Integrated Shipping Services accounts for 1.2% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZIM. Clal Insurance Enterprises Holdings Ltd purchased a new position in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $89,845,000. Y.D. More Investments Ltd lifted its position in ZIM Integrated Shipping Services by 378,174.5% during 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 in the last quarter. BNP Paribas Financial Markets grew its stake in ZIM Integrated Shipping Services by 29,305.7% during the second quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock worth $21,088,000 after buying an additional 1,306,157 shares during the period. Yelin Lapidot Holdings Management Ltd. grew its stake in ZIM Integrated Shipping Services by 34.1% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock worth $68,973,000 after buying an additional 825,848 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of 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 worth $68,879,000 after acquiring an additional 788,514 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Insider Activity at ZIM Integrated Shipping Services

In other news, EVP Saar Dotan sold 20,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $24.63, for a total value of $492,600.00. Following the completion of the transaction, the executive vice president directly owned 131,667 shares in the company, valued at approximately $3,242,958.21. This represents a 13.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 61,000 shares of company stock worth $1,537,310 over the last 90 days. Insiders own 1.30% of the company’s stock.

ZIM Integrated Shipping Services Stock Up 2.3%

NYSE ZIM opened at $24.58 on Thursday. The stock has a market cap of $2.96 billion, a PE ratio of 30.34 and a beta of 1.19. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $12.33 and a fifty-two week high of $29.97. The business has a 50 day moving average price of $24.91 and a two-hundred day moving average price of $25.30. 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 (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 the consensus estimate of ($0.22) by ($0.50). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. As a group, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About ZIM Integrated Shipping Services

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.