ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $114,280.00 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Eyal Ben-Amram sold 4,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $28.57, for a total transaction of $114,280.00. Following the completion of the sale, the executive vice president owned 6,486 shares of the company’s stock, valued at approximately $185,305.02. This represents a 38.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $27.40 on Friday. The company has a market cap of $3.30 billion, a PE ratio of 23.83 and a beta of 1.21. The firm’s 50 day moving average price is $25.78 and its 200-day moving average price is $26.02. 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 Ltd. has a 52-week low of $12.33 and a 52-week high of $29.97.

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

Wall Street Analysts Forecast Growth

ZIM has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. JPMorgan Chase & Co. boosted their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Barclays increased their price target on shares of ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and a consensus target price of $19.83.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors have recently made changes to their positions in ZIM. Value Base Ltd. acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter worth about $1,316,000. Yelin Lapidot Holdings Management Ltd. increased its holdings in shares of ZIM Integrated Shipping Services by 1.2% during the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after acquiring an additional 40,000 shares in the last quarter. Sagil Capital LLP acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $1,486,000. Weiss Asset Management LP purchased a new position in shares of ZIM Integrated Shipping Services in the 1st quarter valued at approximately $7,283,000. Finally, Global Retirement Partners LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at approximately $1,023,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

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.