Clal Insurance Enterprises Holdings Ltd Takes $89.85 Million Position in ZIM Integrated Shipping Services Ltd. $ZIM

Clal Insurance Enterprises Holdings Ltd purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,232,000 shares of the company’s stock, valued at approximately $89,845,000. Clal Insurance Enterprises Holdings Ltd owned 3.51% of ZIM Integrated Shipping Services as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ZIM. Hoey Investments Inc. acquired a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $25,000. Lodestone Wealth Management LLC acquired a new position in ZIM Integrated Shipping Services in the 4th quarter worth $29,000. Quarry LP acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $34,000. Huntington National Bank boosted its stake in ZIM Integrated Shipping Services by 200,000.0% in the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the period. Finally, Triumph Capital Management acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $44,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Up 1.1%

Shares of NYSE:ZIM opened at $26.20 on Friday. The company’s 50-day moving average price is $25.91 and its two-hundred day moving average price is $24.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.19 and a quick ratio of 1.09. ZIM Integrated Shipping Services Ltd. has a one year low of $12.33 and a one year high of $29.97. The stock has a market capitalization of $3.16 billion, a PE ratio of 32.34 and a beta of 1.20.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) EPS 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 business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. On average, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current fiscal year.

Insider Buying and Selling

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $25.41, for a total transaction of $381,150.00. Following the sale, the executive vice president directly owned 101,667 shares of the company’s stock, valued at $2,583,358.47. The trade was a 12.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 50,000 shares of company stock worth $1,250,100. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a research note on Monday, March 16th. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Citigroup raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and upped their target price for the stock from $11.50 to $31.80 in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, ZIM Integrated Shipping Services presently has an average rating of “Hold” and a consensus target price of $17.83.

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.