Saar Dotan Sells 11,000 Shares of ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 11,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $26.11, for a total transaction of $287,210.00. Following the completion of the transaction, the executive vice president owned 90,667 shares of the company’s stock, valued at $2,367,315.37. This represents a 10.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, June 4th, Saar Dotan sold 15,000 shares of ZIM Integrated Shipping Services stock. The shares were sold at an average price of $25.41, for a total transaction of $381,150.00.
• On Tuesday, June 2nd, Saar Dotan sold 15,000 shares of ZIM Integrated Shipping Services stock. The shares were sold at an average price of $25.09, for a total transaction of $376,350.00.
• On Monday, June 1st, Saar Dotan sold 20,000 shares of ZIM Integrated Shipping Services stock. The shares were sold at an average price of $24.63, for a total transaction of $492,600.00.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $24.44 on Wednesday. The company has a 50-day simple moving average of $25.84 and a 200-day simple moving average of $24.36. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $2.94 billion, a PE ratio of 30.17 and a beta of 1.20. 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 announced its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. Equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of large investors have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA grew its stake in ZIM Integrated Shipping Services by 2.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock valued at $594,000 after acquiring an additional 497 shares during the last quarter. Lazard Asset Management LLC grew its stake in ZIM Integrated Shipping Services by 4.7% in the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock valued at $194,000 after acquiring an additional 638 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of ZIM Integrated Shipping Services by 2.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 24,219 shares of the company’s stock worth $514,000 after purchasing an additional 689 shares during the last quarter. HUB Investment Partners LLC boosted its stake in shares of ZIM Integrated Shipping Services by 6.4% during the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after purchasing an additional 722 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of ZIM Integrated Shipping Services by 0.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 129,800 shares of the company’s stock worth $3,420,000 after purchasing an additional 1,000 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ZIM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th. Barclays increased their price objective on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a research note on Monday, March 16th. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Citigroup raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and increased their price objective for the company from $11.50 to $31.80 in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.83.

About ZIM Integrated Shipping Services

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.