Harel Insurance Investments & Financial Services Ltd. Has $1.58 Million Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 3,034.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 108,460 shares of the company's stock after buying an additional 105,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. owned 0.09% of ZIM Integrated Shipping Services worth $1,582,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after purchasing an additional 1,909,480 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in ZIM Integrated Shipping Services by 33.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after purchasing an additional 940,587 shares during the period. BNP Paribas Financial Markets bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $16,381,000. Point72 Asset Management L.P. bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $14,324,000. Finally, Nomura Holdings Inc. bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $13,148,000. Institutional investors own 21.42% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays boosted their price objective on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a report on Friday, June 27th. Jefferies Financial Group boosted their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a report on Tuesday, May 20th. Bank of America cut their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a report on Friday, April 11th. Finally, Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a report on Tuesday, May 20th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $14.82.

ZIM Integrated Shipping Services Price Performance

ZIM stock traded up $0.63 during trading on Tuesday, reaching $16.51. 9,397,397 shares of the company were exchanged, compared to its average volume of 6,216,653. The company has a 50-day moving average of $16.68 and a two-hundred day moving average of $17.38. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 0.85, a P/E/G ratio of 0.27 and a beta of 1.76. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.04 and a twelve month high of $30.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.18 and a quick ratio of 1.10.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.56. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. During the same period in the prior year, the company earned $0.75 EPS. As a group, equities analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were given a dividend of $0.74 per share. This represents a yield of 16.96%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services's dividend payout ratio is 4.76%.

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.