Public Employees Retirement System of Ohio purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 77,200 shares of the company’s stock, valued at approximately $2,007,000.
Other large investors also recently bought and sold shares of the company. Pictet Asset Management Holding SA boosted its holdings in shares of ZIM Integrated Shipping Services by 2.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock valued at $594,000 after purchasing an additional 497 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of ZIM Integrated Shipping Services by 4.7% during the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock worth $194,000 after buying an additional 638 shares during the last quarter. HUB Investment Partners LLC increased its holdings in shares of ZIM Integrated Shipping Services by 6.4% during the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after buying an additional 722 shares during the last quarter. Deutsche Bank AG raised its position in shares of ZIM Integrated Shipping Services by 12.5% in the 2nd quarter. Deutsche Bank AG now owns 8,834 shares of the company’s stock worth $230,000 after buying an additional 979 shares during the period. Finally, IHT Wealth Management LLC raised its position in shares of ZIM Integrated Shipping Services by 4.7% in the 2nd quarter. IHT Wealth Management LLC now owns 26,385 shares of the company’s stock worth $425,000 after buying an additional 1,194 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.
ZIM Integrated Shipping Services Stock Up 0.0%
Shares of ZIM Integrated Shipping Services stock opened at $28.59 on Monday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $12.33 and a twelve month high of $29.97. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 24.86 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average price of $26.00 and a 200 day moving average price of $26.27.
Analyst Ratings Changes
A number of equities research analysts have issued reports on ZIM shares. Barclays boosted their price target on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Finally, Zacks Research downgraded shares of ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.83.
Read Our Latest Stock Report on ZIM Integrated Shipping Services
Insider Buying and Selling
In other news, EVP Xavier Destriau sold 12,084 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $28.80, for a total value of $348,019.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eyal Ben-Amram sold 4,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $28.57, for a total transaction of $114,280.00. Following the sale, the executive vice president directly owned 6,486 shares of the company’s stock, valued at approximately $185,305.02. The trade was a 38.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 288,840 shares of company stock valued at $8,140,860 over the last three months. Company 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.
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