OMERS ADMINISTRATION Corp Has $9.70 Million Position in ZIM Integrated Shipping Services Ltd. $ZIM

OMERS ADMINISTRATION Corp boosted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 1,462.5% during the first quarter, Holdings Channel.com reports. The fund owned 368,056 shares of the company’s stock after acquiring an additional 344,501 shares during the period. OMERS ADMINISTRATION Corp’s holdings in ZIM Integrated Shipping Services were worth $9,698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $89,845,000. Y.D. More Investments Ltd increased its position in shares of ZIM Integrated Shipping Services by 378,174.5% in the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after purchasing an additional 3,781,745 shares during the period. BNP Paribas Financial Markets raised its stake in ZIM Integrated Shipping Services by 29,305.7% in the second quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock valued at $21,088,000 after purchasing an additional 1,306,157 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. raised its stake in ZIM Integrated Shipping Services by 34.1% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock valued at $68,973,000 after purchasing an additional 825,848 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in ZIM Integrated Shipping Services by 20.1% during the first 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. 21.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ZIM. Barclays increased their price objective on shares of ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. boosted their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Zacks Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.33.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM stock opened at $24.89 on Monday. The business has a fifty day simple moving average of $24.98 and a 200 day simple moving average of $25.26. The company has a market cap of $3.00 billion, a P/E ratio of 30.73 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14. ZIM Integrated Shipping Services Ltd. has a twelve month low of $12.33 and a twelve month high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. On average, sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Insider Activity at ZIM Integrated Shipping Services

In other news, EVP Saar Dotan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.63, for a total value of $492,600.00. Following the sale, the executive vice president directly owned 131,667 shares in the company, valued at approximately $3,242,958.21. This trade represents a 13.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 61,000 shares of company stock valued at $1,537,310 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

About ZIM Integrated Shipping Services

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.