Xavier Destriau Sells 12,084 Shares of ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Xavier Destriau sold 12,084 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $28.80, for a total transaction of $348,019.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM opened at $27.93 on Friday. The company’s 50-day moving average is $25.72 and its 200-day moving average is $26.01. 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 firm has a market capitalization of $3.37 billion, a PE ratio of 24.29 and a beta of 1.21. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $12.33 and a fifty-two week high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.27). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. Equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their target price on 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th. Barclays increased their price objective on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Zacks Research raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $19.83.

ZIM Integrated Shipping Services News Roundup

Here are the key news stories impacting ZIM Integrated Shipping Services this week:

• Positive Sentiment: Zacks highlighted ZIM as a candidate for its “Fast-Paced Momentum at a Bargain” screen, suggesting the stock’s recent advance is supported by momentum and valuation factors. Why Fast-paced Mover ZIM Is a Great Choice for Value Investors
• Positive Sentiment: Another Zacks article argued that investors should consider adding ZIM to their portfolios as the shares continue to move higher. This may be helping sustain investor interest, although it is research commentary rather than a new fundamental announcement. Here’s Why Investors Should Add ZIM Stock to Their Portfolio
• Neutral Sentiment: Mitsui Sumitomo sued ZIM and Kintetsu over approximately $797,000 in alleged cargo damage. The claim could create legal and reimbursement costs, but its size appears modest relative to ZIM’s roughly $3.3 billion market capitalization. Mitsui Sumitomo Sues ZIM and Kintetsu Over Cargo Damage Claim
• Negative Sentiment: Several executives sold shares on August 24: Xavier Destriau sold 12,084 shares, Nissim Yochai sold 7,535, and Eyal Ben-Amram sold 4,000, reducing his position by about 38%. The transactions were disclosed as required SEC filings and may weigh on sentiment because they occurred near the stock’s recent highs. ZIM EVP Eyal Ben-Amram Sells 4,000 Shares
• Negative Sentiment: ZIM’s latest reported quarter included adjusted EPS of $0.53, below the $0.80 consensus cited in the provided background, while revenue of $1.78 billion was roughly in line with estimates. The earnings shortfall remains a fundamental concern despite the stock’s momentum.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently made changes to their positions in ZIM. Pin Oak Investment Advisors Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the second quarter valued at approximately $26,000. Pinnacle Holdings LLC bought a new position in ZIM Integrated Shipping Services during the 2nd quarter worth $42,000. Huntington National Bank raised its holdings in ZIM Integrated Shipping Services by 200,000.0% in the 4th 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 in the last quarter. Assetmark Inc. acquired a new position in ZIM Integrated Shipping Services in the 1st quarter valued at $59,000. Finally, Quarry LP acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $34,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

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.