Susquehanna Fundamental Investments LLC Cuts Stock Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• Susquehanna Fundamental Investments cut its ZIM stake by 25.9% in the second quarter, selling 70,995 shares and retaining 202,861 shares worth approximately $5.3 million.
• ZIM reported quarterly EPS of $0.53, missing analyst expectations of $0.80, while revenue of $1.78 billion was roughly in line with estimates. Analysts expect full-year EPS of $3.15.
• Insider selling and a cautious analyst outlook weigh on sentiment: ZIM’s CEO and EVP sold shares recently, while analysts maintain a consensus “Hold” rating with an average price target of $19.83, below the reported $27.39 share price.

Susquehanna Fundamental Investments LLC trimmed its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 25.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,861 shares of the company's stock after selling 70,995 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.17% of ZIM Integrated Shipping Services worth $5,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pin Oak Investment Advisors Inc. bought a new stake in ZIM Integrated Shipping Services during the second quarter valued at approximately $26,000. Pinnacle Holdings LLC bought a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter worth $42,000. Huntington National Bank raised its position in shares of ZIM Integrated Shipping Services by 200,000.0% during the 4th quarter. Huntington National Bank now owns 2,001 shares of the company's stock valued at $42,000 after buying an additional 2,000 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at $59,000. Finally, Quarry LP bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $34,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock opened at $27.39 on Tuesday. The firm has a market cap of $3.30 billion, a PE ratio of 23.82 and a beta of 1.21. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month high of $29.97. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 1.09. The company's fifty day simple moving average is $25.82 and its two-hundred day simple moving average is $26.10.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.27). The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. As a group, equities analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZIM. Barclays upped their target price on shares of ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Zacks Research raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. upped their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of "Hold" and a consensus price target of $19.83.

Insiders Place Their Bets

In related news, CEO Eli Glickman sold 254,221 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $28.22, for a total value of $7,174,116.62. Following the completion of the transaction, the chief executive officer directly owned 233,473 shares of the company's stock, valued at $6,588,608.06. This represents a 52.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Saar Dotan sold 15,000 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was 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 trade represents a 12.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 303,840 shares of company stock worth $8,522,010. Company insiders own 1.30% of the company's stock.

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.

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