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 stock in a transaction that occurred on 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 transaction, the executive vice president owned 90,667 shares in the company, valued at approximately $2,367,315.37. The trade was a 10.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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 shares were 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

NYSE ZIM opened at $26.20 on Monday. The company has a market cap of $3.16 billion, a P/E ratio of 32.34 and a beta of 1.21. The company has a fifty day simple moving average of $25.91 and a 200 day simple moving average of $24.29. 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 released its quarterly earnings data on Thursday, May 21st. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.50). ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.48 billion. Sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZIM. Hoey Investments Inc. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $25,000. Lodestone Wealth Management LLC bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $29,000. Huntington National Bank increased its position in shares of ZIM Integrated Shipping Services by 200,000.0% during the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock valued at $42,000 after acquiring an additional 2,000 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at approximately $59,000. Finally, Quarry LP bought a new stake in ZIM Integrated Shipping Services during the third quarter worth $34,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZIM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Barclays increased their price objective on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a research note on Monday, March 16th. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and lifted their target price for the company from $11.50 to $31.80 in a research report on Thursday, February 19th. 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 equities 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.