Saar Dotan Sells 15,000 Shares of ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 15,000 shares of the company’s 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 completion of the transaction, the executive vice president directly owned 101,667 shares of the company’s stock, valued at approximately $2,583,358.47. The trade was a 12.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 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 Price Performance

Shares of ZIM opened at $25.59 on Wednesday. The business has a 50-day simple moving average of $25.92 and a two-hundred day simple moving average of $24.10. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month high of $29.97. The stock has a market cap of $3.08 billion, a PE ratio of 31.60 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. Analysts anticipate that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently made changes to their positions in ZIM. Royal Bank of Canada boosted its position in shares of ZIM Integrated Shipping Services by 8.2% during the 1st quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock valued at $596,000 after purchasing an additional 3,102 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $210,000. Goldman Sachs Group Inc. boosted its position in shares of 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of ZIM Integrated Shipping Services by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 119,218 shares of the company’s stock valued at $1,915,000 after purchasing an additional 6,342 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of ZIM Integrated Shipping Services by 505.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 76,738 shares of the company’s stock valued at $1,236,000 after purchasing an additional 64,057 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

Analyst Ratings Changes

ZIM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Barclays upped their price target on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a research report on Monday, March 16th. Finally, Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and upped their price target for the company from $11.50 to $31.80 in a research report on Thursday, February 19th. One research analyst has 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.83.

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.