Legal & General Group Plc Trims Position in ZIM Integrated Shipping Services Ltd. $ZIM

Legal & General Group Plc lessened its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,844 shares of the company’s stock after selling 37,247 shares during the period. Legal & General Group Plc owned 0.16% of ZIM Integrated Shipping Services worth $4,115,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ZIM. Y.D. More Investments Ltd increased its stake in 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 period. BNP Paribas Financial Markets grew its holdings in ZIM Integrated Shipping Services by 29,305.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock worth $21,088,000 after acquiring an additional 1,306,157 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. grew its holdings in 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 worth $68,973,000 after acquiring an additional 825,848 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in ZIM Integrated Shipping Services by 20.1% during the 1st 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. Finally, Man Group plc grew its holdings in ZIM Integrated Shipping Services by 5,075.5% during the 2nd quarter. Man Group plc now owns 735,546 shares of the company’s stock worth $11,835,000 after acquiring an additional 721,334 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Insider Buying and Selling

In related news, EVP Saar Dotan sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $25.41, for a total transaction of $381,150.00. Following the completion of the sale, the executive vice president owned 101,667 shares of the company’s stock, valued at $2,583,358.47. This represents a 12.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 50,000 shares of company stock worth $1,250,100 over the last three months. Corporate insiders own 1.30% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

ZIM stock opened at $25.52 on Tuesday. ZIM Integrated Shipping Services Ltd. has a one year low of $12.33 and a one year high of $29.97. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 31.51 and a beta of 1.21. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.19. The firm has a 50-day simple moving average of $25.93 and a two-hundred day simple moving average of $24.04.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. On average, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current fiscal year.

Analyst Ratings Changes

ZIM has been the topic of several recent research reports. Weiss Ratings cut shares of ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Citigroup upgraded shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and increased their target price for the stock from $11.50 to $31.80 in a report on Thursday, February 19th. Finally, Barclays increased 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 report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.83.

ZIM Integrated Shipping Services 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.