ZIM Integrated Shipping Services (NYSE:ZIM) Director Birger Johanne Meyer-Gloeckner Sells 1,531 Shares of Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Director Birger Johanne Meyer-Gloeckner sold 1,531 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $28.50, for a total value of $43,633.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

ZIM Integrated Shipping Services Trading Up 5.1%

ZIM stock opened at $30.03 on Wednesday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $12.33 and a 52 week high of $30.40. The company has a market capitalization of $3.62 billion, a PE ratio of 26.12 and a beta of 1.18. The company’s 50-day simple moving average is $26.13 and its 200 day simple moving average is $26.29. 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 posted its quarterly earnings data on Thursday, August 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.27). ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. As a group, sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter worth approximately $26,000. Quarry LP acquired a new stake in ZIM Integrated Shipping Services in the third quarter valued at approximately $34,000. Huntington National Bank grew its stake 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 worth $42,000 after buying an additional 2,000 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of ZIM Integrated Shipping Services during the second quarter worth $42,000. Finally, Larson Financial Group LLC increased its holdings in shares of ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock worth $44,000 after buying an additional 1,998 shares in the last quarter. 21.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ZIM shares. JPMorgan Chase & Co. raised their price target on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, June 30th. Zacks Research lowered shares of ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Barclays upped their price target on shares of ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, August 27th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.83.

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.