ZIM Integrated Shipping Services (NYSE:ZIM) EVP Saar Dotan Sells 20,000 Shares

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 20,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $24.63, for a total value of $492,600.00. Following the transaction, the executive vice president owned 131,667 shares in the company, valued at $3,242,958.21. The trade was a 13.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ZIM Integrated Shipping Services Trading Up 2.0%

ZIM opened at $25.23 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $3.04 billion, a P/E ratio of 31.14 and a beta of 1.20. The stock’s fifty day moving average is $26.03 and its two-hundred day moving average is $23.73. ZIM Integrated Shipping Services Ltd. has a 52 week low of $12.33 and a 52 week high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The company had revenue of $1.40 billion for 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%. Analysts forecast that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 20th were given a dividend of $0.88 per share. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 20th. This represents a $3.52 annualized dividend and a yield of 14.0%. ZIM Integrated Shipping Services’s payout ratio is 7.41%.

Wall Street Analyst Weigh In

ZIM has been the topic of several recent research reports. Fearnley Fonds raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Barclays raised their price objective on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a research report on Monday, March 16th. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $11.50 to $31.80 in a research report on Thursday, February 19th. Finally, Weiss Ratings cut ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services has a consensus rating of “Hold” and an average price target of $17.83.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors have recently made changes to their positions in the business. Hoey Investments Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth $25,000. Lodestone Wealth Management LLC purchased a new position in ZIM Integrated Shipping Services in the 4th quarter worth $29,000. Quarry LP purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $34,000. Huntington National Bank raised its stake in ZIM Integrated Shipping Services by 200,000.0% in the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $44,000. Institutional investors and hedge funds own 21.42% 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.