ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $217,234.05 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Nissim Yochai sold 7,535 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $28.83, for a total transaction of $217,234.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $27.40 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15. The firm has a 50-day moving average of $25.78 and a 200-day moving average of $26.02. ZIM Integrated Shipping Services Ltd. has a one year low of $12.33 and a one year high of $29.97. The company has a market cap of $3.30 billion, a P/E ratio of 23.83 and a beta of 1.21.

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

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several large investors have recently modified their holdings of ZIM. Goldman Sachs Group Inc. lifted its stake in ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock valued at $68,879,000 after purchasing an additional 788,514 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $89,845,000. Meitav Investment House Ltd. lifted its position in shares of ZIM Integrated Shipping Services by 13.7% during the 1st 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 during the last quarter. Yelin Lapidot Holdings Management Ltd. grew its stake in shares of ZIM Integrated Shipping Services by 1.2% during the 2nd 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, California State Teachers Retirement System increased its holdings in 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 worth $85,041,000 after acquiring an additional 3,143,783 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Analyst Ratings Changes

ZIM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Barclays upped their price objective on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday. Zacks Research raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. lifted their target price on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ZIM Integrated Shipping Services has an average rating of “Hold” and a consensus price target of $19.83.

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.