ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $114,280.00 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Eyal Ben-Amram sold 4,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $28.57, for a total transaction of $114,280.00. Following the completion of the transaction, the executive vice president owned 6,486 shares in the company, valued at approximately $185,305.02. The trade was a 38.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

ZIM Integrated Shipping Services Trading Down 1.0%

ZIM stock opened at $28.11 on Wednesday. The company has a market capitalization of $3.39 billion, a PE ratio of 24.44 and a beta of 1.21. ZIM Integrated Shipping Services Ltd. has a 12 month low of $12.33 and a 12 month high of $29.97. The firm’s 50-day moving average is $25.58 and its 200 day moving average is $25.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.27). The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. On average, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in ZIM Integrated Shipping Services by 20.1% during the 1st 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 period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $89,845,000. Meitav Investment House Ltd. lifted its position in shares of 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 worth $102,934,000 after purchasing an additional 472,092 shares during the period. Yelin Lapidot Holdings Management Ltd. lifted its position in shares of 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 worth $86,028,000 after purchasing an additional 40,000 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of ZIM Integrated Shipping Services by 2,475.1% during the second quarter. California State Teachers Retirement System now owns 3,270,800 shares of the company’s stock valued at $85,041,000 after purchasing an additional 3,143,783 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.