ZIM Integrated Shipping Services (NYSE:ZIM) EVP Nissim Yochai Sells 7,535 Shares of Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Nissim Yochai sold 7,535 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $28.83, for a total transaction of $217,234.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

ZIM Integrated Shipping Services Stock Down 1.0%

Shares of ZIM Integrated Shipping Services stock opened at $28.11 on Wednesday. ZIM Integrated Shipping Services Ltd. has a 1-year low of $12.33 and a 1-year high of $29.97. The company has a market capitalization of $3.39 billion, a PE ratio of 24.44 and a beta of 1.21. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15. The business has a 50-day moving average of $25.58 and a 200-day moving average of $25.91.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Wednesday, August 19th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.27). The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%. As a group, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors have recently added to or reduced their stakes in the business. Sigma Planning Corp grew its stake in ZIM Integrated Shipping Services by 3.8% during the 2nd quarter. Sigma Planning Corp now owns 11,475 shares of the company’s stock valued at $298,000 after acquiring an additional 425 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of ZIM Integrated Shipping Services by 2.3% in the first quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock worth $594,000 after purchasing an additional 497 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of ZIM Integrated Shipping Services by 4.7% in the third quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock worth $194,000 after purchasing an additional 638 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 2.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 24,219 shares of the company’s stock worth $514,000 after purchasing an additional 689 shares during the period. Finally, HUB Investment Partners LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 6.4% during the second quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after purchasing an additional 722 shares during the period. Institutional investors own 21.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ZIM shares. Zacks Research upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. lifted their price target on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, June 30th. Barclays upped their price target on shares of ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.33.

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.