RHL Group LLC Purchases 76,204 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• RHL Group LLC initiated a position in ZIM Integrated Shipping Services, buying 76,204 shares worth approximately $2.23 million. The stake represents about 0.06% of ZIM and 1.5% of RHL’s portfolio.
• Institutional ownership stands at 21.42%, with several other investors also adding or initiating positions during the third quarter.
• Analyst sentiment is mixed: MarketBeat reports an overall Hold rating and an average price target of $22.42. ZIM’s latest quarterly results missed estimates for both earnings per share and revenue.

RHL Group LLC purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 76,204 shares of the company's stock, valued at approximately $2,234,000. ZIM Integrated Shipping Services makes up about 1.5% of RHL Group LLC's investment portfolio, making the stock its 16th biggest holding. RHL Group LLC owned 0.06% of ZIM Integrated Shipping Services as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CenterBook Partners LP bought a new stake in ZIM Integrated Shipping Services in the third quarter worth approximately $220,000. Kestra Advisory Services LLC increased its position in ZIM Integrated Shipping Services by 1.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 77,006 shares of the company's stock worth $2,258,000 after buying an additional 1,100 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at about $430,000. SFI Advisors LLC bought a new stake in ZIM Integrated Shipping Services in the third quarter valued at $488,000. Finally, Yousif Capital Management LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 11.3% during the third quarter. Yousif Capital Management LLC now owns 14,224 shares of the company's stock valued at $417,000 after acquiring an additional 1,439 shares during the period. Institutional investors and hedge funds own 21.42% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZIM. Barclays raised shares of ZIM Integrated Shipping Services from an "underweight" rating to an "equal weight" rating and set a $30.00 target price on the stock in a report on Monday, September 14th. Zacks Research raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 13th. Weiss Ratings raised shares of ZIM Integrated Shipping Services from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of ZIM Integrated Shipping Services to a "strong-buy" rating in a research note on Saturday, October 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of ZIM Integrated Shipping Services from $16.50 to $22.00 and gave the company an "underweight" rating in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $22.42.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock opened at $27.96 on Monday. The stock has a 50-day simple moving average of $29.22 and a 200 day simple moving average of $26.59. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 24.32 and a beta of 1.27. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 1.09. ZIM Integrated Shipping Services Ltd. has a 12-month low of $14.19 and a 12-month high of $30.98.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.16). The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%. On average, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 8.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Assaf Tiran sold 4,727 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $29.51, for a total transaction of $139,493.77. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eli Glickman sold 254,221 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $28.22, for a total transaction of $7,174,116.62. Following the sale, the chief executive officer directly owned 233,473 shares in the company, valued at $6,588,608.06. This trade represents a 52.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 320,122 shares of company stock valued at $9,114,905. Insiders own 1.30% of the company's stock.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. is an international container shipping company headquartered in Haifa, Israel. It transports cargo on global trade routes and provides related logistics services, including inland transportation and cargo-management solutions.

The company operates a network of shipping services using a combination of owned and chartered vessels, along with containers and partnerships with other carriers. Its offerings serve businesses moving a range of goods, including refrigerated and other specialized cargo.

Founded in 1945 as ZIM Israel Navigation Company, ZIM developed from a regional Israeli shipping operator into an international carrier.

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