ZIM Integrated Shipping Services (NYSE:ZIM) CEO Eli Glickman Sells 254,221 Shares

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) CEO Eli Glickman sold 254,221 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $28.22, for a total transaction of $7,174,116.62. Following the sale, the chief executive officer owned 233,473 shares of the company’s stock, valued at $6,588,608.06. The trade was a 52.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

ZIM Integrated Shipping Services Trading Up 0.4%

ZIM Integrated Shipping Services stock opened at $28.37 on Tuesday. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 24.67 and a beta of 1.21. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $29.97. The firm’s 50 day moving average price is $25.50 and its two-hundred day moving average price is $25.86. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.24.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.53 EPS 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 analyst estimates 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 predict that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd purchased a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $89,845,000. California State Teachers Retirement System lifted its position 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 buying an additional 3,143,783 shares in the last quarter. BNP Paribas Financial Markets lifted its position in ZIM Integrated Shipping Services by 29,305.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock worth $21,088,000 after buying an additional 1,306,157 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of ZIM Integrated Shipping Services in the first quarter worth $30,302,000. Finally, Yelin Lapidot Holdings Management Ltd. raised its holdings in shares of ZIM Integrated Shipping Services by 34.1% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock worth $68,973,000 after acquiring an additional 825,848 shares in the last quarter. Hedge funds and other institutional investors 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.