ZIM Integrated Shipping Services (NYSE:ZIM) EVP Saar Dotan Sells 11,000 Shares

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $26.11, for a total value of $287,210.00. Following the transaction, the executive vice president directly owned 90,667 shares of the company’s stock, valued at $2,367,315.37. This trade represents a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 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 Stock Down 5.1%

NYSE:ZIM opened at $24.91 on Tuesday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $12.33 and a 52 week high of $29.97. The firm has a market capitalization of $3.00 billion, a PE ratio of 30.75 and a beta of 1.21. The stock has a 50 day moving average of $25.88 and a 200-day moving average of $24.32. 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 (NYSE:ZIM) last issued its quarterly earnings data 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 negative return on equity of 0.26% and a net margin of 1.56%.The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. 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

A number of institutional investors have recently added to or reduced their stakes in ZIM. Royal Bank of Canada lifted its position in ZIM Integrated Shipping Services by 8.2% in the first quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock worth $596,000 after purchasing an additional 3,102 shares during the period. NewEdge Advisors LLC acquired a new stake in ZIM Integrated Shipping Services in the first quarter worth approximately $210,000. Goldman Sachs Group Inc. lifted its position in ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after purchasing an additional 788,514 shares during the period. Geode Capital Management LLC lifted its position in ZIM Integrated Shipping Services by 5.6% in the second quarter. Geode Capital Management LLC now owns 119,218 shares of the company’s stock worth $1,915,000 after purchasing an additional 6,342 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of ZIM Integrated Shipping Services by 505.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 76,738 shares of the company’s stock valued at $1,236,000 after acquiring an additional 64,057 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZIM. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th. Fearnley Fonds raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $11.50 to $31.80 in a report on Thursday, February 19th. Finally, 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 report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and a consensus 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.