ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $287,210.00 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 11,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $26.11, for a total value of $287,210.00. Following the completion of the sale, the executive vice president owned 90,667 shares in the company, valued at $2,367,315.37. The trade was a 10.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, June 4th, Saar Dotan sold 15,000 shares of ZIM Integrated Shipping Services stock. The stock was sold at an average price of $25.41, for a total value of $381,150.00.
• On Tuesday, June 2nd, Saar Dotan sold 15,000 shares of ZIM Integrated Shipping Services stock. The stock was sold at an average price of $25.09, for a total value of $376,350.00.
• On Monday, June 1st, Saar Dotan sold 20,000 shares of ZIM Integrated Shipping Services stock. The stock was sold at an average price of $24.63, for a total value of $492,600.00.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $24.04 on Thursday. The company has a market capitalization of $2.90 billion, a P/E ratio of 29.68 and a beta of 1.20. The business’s 50 day moving average is $25.80 and its two-hundred day moving average is $24.39. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. Analysts expect that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Lane Capital LP acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $542,000. Sierra Summit Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $854,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $3,173,000. Causeway Capital Management LLC increased its stake in ZIM Integrated Shipping Services by 52.2% during the third quarter. Causeway Capital Management LLC now owns 1,082,641 shares of the company’s stock worth $14,670,000 after acquiring an additional 371,277 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its stake in ZIM Integrated Shipping Services by 378,174.5% during the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after acquiring an additional 3,781,745 shares during the last quarter. 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.