Insider Selling: ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells 3,690 Shares

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 3,690 shares of ZIM Integrated Shipping Services stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $30.32, for a total value of $111,880.80. Following the sale, the executive vice president directly owned 89,867 shares of the company’s stock, valued at $2,724,767.44. This represents a 3.94% 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 Friday, June 12th, Saar Dotan sold 11,000 shares of ZIM Integrated Shipping Services stock. The shares were sold at an average price of $26.11, for a total value of $287,210.00.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM traded down $0.96 during midday trading on Wednesday, hitting $29.11. 1,219,706 shares of the company’s stock were exchanged, compared to its average volume of 2,230,474. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The business’s fifty day moving average price is $26.13 and its two-hundred day moving average price is $26.29. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 25.34 and a beta of 1.18. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month high of $30.40.

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

Wall Street Analyst Weigh In

ZIM has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company 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, August 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, September 2nd. Finally, Zacks Research lowered shares of ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.83.

Institutional Trading of ZIM Integrated Shipping Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sigma Planning Corp boosted its stake in shares of ZIM Integrated Shipping Services by 3.8% during the second quarter. Sigma Planning Corp now owns 11,475 shares of the company’s stock valued at $298,000 after purchasing an additional 425 shares during the period. Pictet Asset Management Holding SA raised its holdings in ZIM Integrated Shipping Services by 2.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock valued at $594,000 after buying an additional 497 shares during the last quarter. Amundi boosted its position in ZIM Integrated Shipping Services by 5.3% during the 2nd quarter. Amundi now owns 12,213 shares of the company’s stock valued at $318,000 after buying an additional 612 shares during the period. Lazard Asset Management LLC boosted its position in ZIM Integrated Shipping Services by 4.7% during the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock valued at $194,000 after buying an additional 638 shares during the period. Finally, HUB Investment Partners LLC grew its holdings in ZIM Integrated Shipping Services by 6.4% in the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after acquiring an additional 722 shares during the last quarter. Institutional investors 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.