ZIM Integrated Shipping Services (NYSE:ZIM) Director Sells $43,633.50 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Director Birger Johanne Meyer-Gloeckner sold 1,531 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $28.50, for a total transaction of $43,633.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ZIM Integrated Shipping Services Stock Up 0.0%

Shares of ZIM stock opened at $28.59 on Tuesday. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 24.86 and a beta of 1.18. ZIM Integrated Shipping Services Ltd. has a one year low of $12.33 and a one year high of $29.97. The company’s fifty day moving average price is $26.05 and its 200-day moving average price is $26.28. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15.

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

Institutional Investors Weigh In On ZIM Integrated Shipping Services

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

Analyst Upgrades and Downgrades

ZIM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective 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. Barclays lifted their target price on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, August 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. Finally, Zacks Research downgraded ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.83.

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.