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 ZIM Integrated Shipping Services stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $25.41, for a total value of $381,150.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 stock was sold at an average price of $24.63, for a total transaction of $492,600.00.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE ZIM opened at $25.17 on Monday. The company has a market cap of $3.03 billion, a PE ratio of 31.07 and a beta of 1.20. ZIM Integrated Shipping Services Ltd. has a 12 month low of $12.33 and a 12 month high of $29.97. 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 company has a 50-day simple moving average of $25.95 and a 200-day simple moving average of $23.98.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.48 billion. On average, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $11.50 to $31.80 in a report on Thursday, February 19th. Barclays increased their target price on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a research report on Monday, March 16th. Weiss Ratings lowered ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research note on Tuesday, March 10th. Finally, Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.83.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently bought and sold shares of ZIM. Pictet Asset Management Holding SA raised its stake in shares of ZIM Integrated Shipping Services by 2.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock valued at $594,000 after acquiring an additional 497 shares during the period. Lazard Asset Management LLC boosted its position in ZIM Integrated Shipping Services by 4.7% during the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock worth $194,000 after purchasing an additional 638 shares during the period. Kestra Private Wealth Services LLC increased its holdings in ZIM Integrated Shipping Services by 2.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 24,219 shares of the company’s stock valued at $514,000 after purchasing an additional 689 shares in the last quarter. HUB Investment Partners LLC raised its position in ZIM Integrated Shipping Services by 6.4% in the second quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock valued at $192,000 after purchasing an additional 722 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in ZIM Integrated Shipping Services by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 129,800 shares of the company’s stock valued at $3,420,000 after purchasing an additional 1,000 shares during the period. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

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.