Public Employees Retirement System of Ohio Invests $2.01 Million in ZIM Integrated Shipping Services Ltd. $ZIM

Public Employees Retirement System of Ohio purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 77,200 shares of the company’s stock, valued at approximately $2,007,000. Public Employees Retirement System of Ohio owned approximately 0.06% of ZIM Integrated Shipping Services as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ZIM. Goldman Sachs Group Inc. increased its position in ZIM Integrated Shipping Services by 20.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after purchasing an additional 788,514 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $89,845,000. Meitav Investment House Ltd. boosted its stake in shares of ZIM Integrated Shipping Services by 13.7% in the first quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company’s stock valued at $102,934,000 after buying an additional 472,092 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. grew its holdings in ZIM Integrated Shipping Services by 1.2% during the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock worth $86,028,000 after acquiring an additional 40,000 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in ZIM Integrated Shipping Services by 2.0% during the first quarter. Renaissance Technologies LLC now owns 2,936,288 shares of the company’s stock worth $77,371,000 after acquiring an additional 58,603 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Up 0.0%

Shares of ZIM stock opened at $28.59 on Monday. The firm has a 50-day moving average price of $26.00 and a 200 day moving average price of $26.27. ZIM Integrated Shipping Services Ltd. has a twelve month low of $12.33 and a twelve month high of $29.97. The company has a market capitalization 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.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.53 earnings per share (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 analyst estimates of $1.79 billion. ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ZIM. Barclays increased their price target on shares of ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, August 27th. JPMorgan Chase & Co. upped their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, June 30th. 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.83.

Insider Activity

In other ZIM Integrated Shipping Services news, EVP Xavier Destriau sold 12,084 shares of the business’s stock in a transaction on Monday, August 24th. The stock was 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 Saar Dotan sold 11,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $26.11, for a total value of $287,210.00. Following the transaction, the executive vice president directly owned 90,667 shares in the company, valued at approximately $2,367,315.37. This represents a 10.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 288,840 shares of company stock valued at $8,140,860 in the last 90 days. 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.