ZIM Integrated Shipping Services Ltd. $ZIM Shares Sold by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. trimmed its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 9.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,231,506 shares of the company’s stock after selling 123,857 shares during the period. ZIM Integrated Shipping Services makes up approximately 3.6% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its 7th biggest holding. Yelin Lapidot Holdings Management Ltd. owned 1.02% of ZIM Integrated Shipping Services worth $19,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ZIM. New York State Common Retirement Fund acquired a new position in ZIM Integrated Shipping Services during the first quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd boosted its position in shares of ZIM Integrated Shipping Services by 2,256.7% during the second quarter. Caitong International Asset Management Co. Ltd now owns 5,114 shares of the company’s stock worth $82,000 after purchasing an additional 4,897 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services during the second quarter worth $161,000. TD Asset Management Inc acquired a new position in shares of ZIM Integrated Shipping Services in the 1st quarter valued at $155,000. Finally, R Squared Ltd bought a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at $171,000. Institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ZIM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Barclays dropped their price target on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a research report on Thursday, August 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $17.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, ZIM Integrated Shipping Services presently has a consensus rating of “Strong Sell” and an average price target of $14.62.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM opened at $14.67 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.20. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The stock has a market capitalization of $1.77 billion, a P/E ratio of 0.88 and a beta of 1.73. The company has a 50 day moving average of $13.94 and a 200-day moving average of $15.37.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $1.50 by ($1.31). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%. As a group, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were issued a $0.06 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 1.44%.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.