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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 15,000 shares of ZIM Integrated Shipping Services stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $25.09, for a total transaction of $376,350.00. Following the completion of the sale, the executive vice president owned 116,667 shares of the company’s stock, valued at $2,927,175.03. This trade represents a 11.39% decrease in their ownership of the stock. The transaction 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 Monday, June 1st, Saar Dotan sold 20,000 shares of ZIM Integrated Shipping Services stock. The shares were sold at an average price of $24.63, for a total transaction of $492,600.00.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $24.48 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $2.95 billion, a PE ratio of 30.23 and a beta of 1.20. The company has a 50 day moving average price of $25.99 and a two-hundred day moving average price of $23.85. 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 posted its 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 during the quarter, compared to analyst estimates of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. As a group, equities analysts predict that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 20th were given a $0.88 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. This represents a $3.52 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend was Friday, March 20th. ZIM Integrated Shipping Services’s payout ratio is presently 7.41%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several large investors have recently bought and sold shares of ZIM. Clal Insurance Enterprises Holdings Ltd acquired a new position in ZIM Integrated Shipping Services during the 4th quarter valued at $89,845,000. Y.D. More Investments Ltd raised its stake in shares of ZIM Integrated Shipping Services by 378,174.5% in the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock valued at $80,308,000 after buying an additional 3,781,745 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of 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 valued at $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 1st quarter valued at $30,302,000. Finally, Yelin Lapidot Holdings Management Ltd. raised its stake in shares of ZIM Integrated Shipping Services by 34.1% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock valued at $68,973,000 after buying an additional 825,848 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.