Eli Glickman Sells 254,221 Shares of ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) CEO Eli Glickman sold 254,221 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $28.22, for a total transaction of $7,174,116.62. Following the sale, the chief executive officer owned 233,473 shares of the company’s stock, valued at $6,588,608.06. This trade represents a 52.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock traded up $0.32 during trading hours on Monday, reaching $28.57. 917,098 shares of the company’s stock were exchanged, compared to its average volume of 2,285,614. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $12.33 and a fifty-two week high of $29.97. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $3.44 billion, a P/E ratio of 24.84 and a beta of 1.21. The business has a fifty day moving average price of $25.43 and a 200-day moving average price of $25.81.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.53 EPS 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 for the quarter, compared to analyst estimates of $1.79 billion. Analysts predict that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on ZIM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th. JPMorgan Chase & Co. upped their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, June 30th. Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Finally, Barclays lifted their price objective on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Hold” and an average price target of $19.33.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. acquired a new position in ZIM Integrated Shipping Services in the second quarter valued at about $26,000. Quarry LP bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $34,000. Huntington National Bank raised its position in shares of 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 during the period. Pinnacle Holdings LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at approximately $42,000. Finally, Larson Financial Group LLC boosted its stake in ZIM Integrated Shipping Services by 158.8% during the 3rd quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock worth $44,000 after acquiring an additional 1,998 shares during the last quarter. 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.