Ritholtz Wealth Management Takes $537,000 Position in ZIM Integrated Shipping Services Ltd. $ZIM

Ritholtz Wealth Management bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,369 shares of the company’s stock, valued at approximately $537,000.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in ZIM Integrated Shipping Services by 20.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock valued at $68,879,000 after purchasing an additional 788,514 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $89,845,000. Y.D. More Investments Ltd increased its holdings in shares of ZIM Integrated Shipping Services by 378,174.5% in the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after buying an additional 3,781,745 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. raised its position in shares of ZIM Integrated Shipping Services by 34.1% during the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock valued at $68,973,000 after buying an additional 825,848 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of ZIM Integrated Shipping Services by 13.5% during the 3rd quarter. American Century Companies Inc. now owns 2,986,637 shares of the company’s stock valued at $40,469,000 after buying an additional 354,538 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ZIM. Barclays boosted their target price on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted 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 note on Tuesday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report 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. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and a consensus target price of $19.33.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM stock opened at $26.00 on Wednesday. The stock has a 50 day moving average price of $25.59 and a 200 day moving average price of $24.73. The firm has a market capitalization of $3.13 billion, a P/E ratio of 32.11 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.19. 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). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. As a group, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current year.

Insider Buying and Selling at ZIM Integrated Shipping Services

In related news, EVP Saar Dotan sold 11,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $26.11, for a total value of $287,210.00. Following the transaction, the executive vice president owned 90,667 shares of the company’s stock, valued at $2,367,315.37. This represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 61,000 shares of company stock worth $1,537,310 over the last ninety days. 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.