Meitav Investment House Ltd. lessened its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 49.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,013 shares of the company's stock after selling 143,632 shares during the quarter. Meitav Investment House Ltd. owned 0.12% of ZIM Integrated Shipping Services worth $1,429,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in ZIM. Renaissance Technologies LLC boosted its stake in shares of ZIM Integrated Shipping Services by 166.9% in the first quarter. Renaissance Technologies LLC now owns 4,062,538 shares of the company's stock worth $295,387,000 after buying an additional 2,540,500 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in ZIM Integrated Shipping Services by 25.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,011,500 shares of the company's stock worth $94,591,000 after purchasing an additional 804,958 shares in the last quarter. BlackRock Inc. boosted its position in ZIM Integrated Shipping Services by 2.9% during the third quarter. BlackRock Inc. now owns 3,361,309 shares of the company's stock worth $78,990,000 after purchasing an additional 95,106 shares in the last quarter. State Street Corp boosted its position in ZIM Integrated Shipping Services by 8.7% during the third quarter. State Street Corp now owns 1,338,765 shares of the company's stock worth $31,461,000 after purchasing an additional 107,225 shares in the last quarter. Finally, Morgan Stanley boosted its position in ZIM Integrated Shipping Services by 75.1% during the fourth quarter. Morgan Stanley now owns 1,118,732 shares of the company's stock worth $19,231,000 after purchasing an additional 479,888 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.
ZIM Integrated Shipping Services Price Performance
Shares of ZIM Integrated Shipping Services stock traded down $0.60 during mid-day trading on Friday, reaching $10.09. 3,361,708 shares of the stock traded hands, compared to its average volume of 6,970,869. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.39 and a fifty-two week high of $21.89. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $1.21 billion, a PE ratio of -0.45 and a beta of 1.84. The business has a 50-day moving average of $11.18 and a 200 day moving average of $10.30.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, beating the consensus estimate of ($1.33) by $0.10. ZIM Integrated Shipping Services had a negative return on equity of 16.29% and a negative net margin of 52.22%. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.23 billion. On average, analysts predict that ZIM Integrated Shipping Services Ltd. will post 0.33 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on ZIM shares. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a "neutral" rating on the stock in a research report on Friday, March 22nd. Bank of America lowered their price target on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an "underperform" rating on the stock in a research report on Tuesday, March 19th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.51.
Check Out Our Latest Stock Analysis on ZIM
ZIM Integrated Shipping Services Profile
(
Free Report)
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.
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