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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $25.41, for a total value of $381,150.00. Following the sale, the executive vice president directly owned 101,667 shares of the company’s stock, valued at approximately $2,583,358.47. This trade represents a 12.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 shares were 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 shares were sold at an average price of $24.63, for a total value of $492,600.00.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $25.52 on Tuesday. The stock has a 50-day moving average price of $25.93 and a two-hundred day moving average price of $24.04. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month high of $29.97. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $3.07 billion, a PE ratio of 31.51 and a beta of 1.21.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly 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). ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.48 billion. As a group, research analysts predict that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently modified their holdings of ZIM. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $89,845,000. Y.D. More Investments Ltd boosted its position in shares of ZIM Integrated Shipping Services by 378,174.5% in the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after buying an additional 3,781,745 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of ZIM Integrated Shipping Services by 29,305.7% in the second quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock worth $21,088,000 after acquiring 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 first quarter worth about $30,302,000. Finally, Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of ZIM Integrated Shipping Services by 34.1% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock worth $68,973,000 after acquiring an additional 825,848 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

ZIM has been the subject of several analyst reports. Barclays upped their target price 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. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and upped their target price for the stock from $11.50 to $31.80 in a research report on Thursday, February 19th. Weiss Ratings downgraded ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th. Finally, Fearnley Fonds raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. One 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 data from MarketBeat.com, the company currently has an average 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.