WINTON GROUP Ltd Invests $679,000 in ZIM Integrated Shipping Services Ltd. $ZIM

WINTON GROUP Ltd purchased a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 26,131 shares of the company’s stock, valued at approximately $679,000.

A number of other hedge funds have also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in ZIM Integrated Shipping Services during the fourth quarter worth about $89,845,000. Meitav Investment House Ltd. boosted its holdings in ZIM Integrated Shipping Services by 13.7% in the 1st quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company’s stock valued at $102,934,000 after purchasing an additional 472,092 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. boosted its holdings in ZIM Integrated Shipping Services by 1.2% in the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after purchasing an additional 40,000 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of ZIM Integrated Shipping Services by 2,475.1% in the 2nd quarter. California State Teachers Retirement System now owns 3,270,800 shares of the company’s stock valued at $85,041,000 after buying an additional 3,143,783 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of ZIM Integrated Shipping Services by 2.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,936,288 shares of the company’s stock valued at $77,371,000 after buying an additional 58,603 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ZIM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, September 2nd. Barclays set a $30.00 price objective on ZIM Integrated Shipping Services and gave the stock an “equal weight” rating in a research report on Monday. Zacks Research downgraded ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Finally, JPMorgan Chase & Co. lifted their target price on 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Hold” and a consensus price target of $21.50.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock opened at $29.77 on Tuesday. The company’s 50 day simple moving average is $26.49 and its 200-day simple moving average is $26.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.24. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $30.40. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 25.89 and a beta of 1.18.

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

Insider Activity at ZIM Integrated Shipping Services

In other news, EVP Xavier Destriau sold 12,084 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $28.80, for a total transaction of $348,019.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nissim Yochai sold 7,535 shares of ZIM Integrated Shipping Services stock in a transaction on Monday, August 24th. The shares were sold at an average price of $28.83, for a total value of $217,234.05. The SEC filing for this sale provides additional information. Insiders sold 288,851 shares of company stock valued at $8,183,073 over the last ninety days. 1.30% of the stock is owned by insiders.

ZIM Integrated Shipping Services Profile

ZIM Integrated Shipping Services Ltd. is a global container liner company headquartered in Haifa, Israel. The company provides ocean transportation for containerized cargo, connecting ports and commercial markets across major international trade routes.

ZIM’s services include scheduled container shipping, cargo transportation, and related logistics solutions. Its offerings support a range of cargo types, including dry goods, refrigerated products, hazardous materials, and vehicles. The company also provides digital tools and customer services designed to support booking, shipment management, documentation, and supply-chain visibility.

Founded in 1945, ZIM has developed from an Israeli shipping company into an international carrier serving customers through a network of vessels, ports, terminals, and logistics partners.