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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $25.09, for a total value of $376,350.00. Following the transaction, the executive vice president directly owned 116,667 shares in the company, valued at $2,927,175.03. The trade was a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Saar Dotan also recently made the following trade(s):

• On Monday, June 1st, Saar Dotan sold 20,000 shares of ZIM Integrated Shipping Services stock. The stock was sold at an average price of $24.63, for a total value of $492,600.00.

ZIM Integrated Shipping Services Stock Up 3.9%

ZIM stock opened at $25.47 on Friday. 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 firm has a market capitalization of $3.07 billion, a PE ratio of 31.44 and a beta of 1.20. ZIM Integrated Shipping Services Ltd. has a 1-year low of $12.33 and a 1-year high of $29.97. The business’s 50 day simple moving average is $25.97 and its 200 day simple moving average is $23.92.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. As a group, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend was Friday, March 20th. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. ZIM Integrated Shipping Services’s payout ratio is presently 7.41%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ZIM shares. Fearnley Fonds raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Weiss Ratings lowered ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Barclays boosted their target price 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. Finally, Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $11.50 to $31.80 in a report on Thursday, February 19th. One research 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. According to MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average price target of $17.83.

Institutional Trading of ZIM Integrated Shipping Services

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

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.