ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $381,150.00 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 15,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $25.41, for a total transaction of $381,150.00. Following the completion of the transaction, the executive vice president owned 101,667 shares of the company’s stock, valued at approximately $2,583,358.47. This represents a 12.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Saar Dotan also recently made the following trade(s):

• On Tuesday, June 2nd, Saar Dotan sold 15,000 shares of ZIM Integrated Shipping Services stock. The shares were sold at an average price of $25.09, for a total transaction of $376,350.00.
• On Monday, June 1st, Saar Dotan sold 20,000 shares of ZIM Integrated Shipping Services stock. The shares were sold at an average price of $24.63, for a total transaction of $492,600.00.

ZIM Integrated Shipping Services Stock Performance

ZIM opened at $25.35 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.19 and a quick ratio of 1.09. The firm has a fifty day moving average price of $25.91 and a 200 day moving average price of $24.16. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $29.97. The stock has a market cap of $3.05 billion, a P/E ratio of 31.29 and a beta of 1.20.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted 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). ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. Equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZIM. Hoey Investments Inc. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth $25,000. Lodestone Wealth Management LLC purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth $29,000. Quarry LP purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth $34,000. Huntington National Bank boosted its stake in ZIM Integrated Shipping Services by 200,000.0% during the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Analyst Ratings Changes

ZIM has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a research note on Monday, March 16th. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Citigroup raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $11.50 to $31.80 in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, ZIM Integrated Shipping Services has a consensus rating of “Hold” and a consensus price target of $17.83.

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.