Key Points
- EVP Saar Dotan sold 15,000 ZIM shares on June 2 at an average price of $25.09, totaling about $376,350 and reducing his ownership by 11.39%. He also sold 20,000 shares the prior day at an average price of $24.63.
- ZIM shares were trading down 2.9% at $24.48, with the stock ranging from a 52-week low of $12.33 to a high of $29.97. The company’s market cap is about $2.95 billion.
- Recent earnings disappointed, with ZIM reporting a quarterly EPS loss of $0.72 versus analyst expectations of a $0.22 loss, and revenue of $1.40 billion versus $1.48 billion expected. Analysts currently have a consensus rating of Hold with a target price of $17.83.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) EVP Saar Dotan sold 15,000 shares of the 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 completion of the transaction, the executive vice president directly owned 116,667 shares of the company's stock, valued at approximately $2,927,175.03. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
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 Trading Down 2.9%
Shares of ZIM opened at $24.48 on Thursday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $29.97. 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 stock has a 50 day simple moving average of $25.99 and a 200-day simple moving average of $23.85. The stock has a market cap of $2.95 billion, a PE ratio of 30.23 and a beta of 1.20.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its 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). ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%.The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. On average, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were given a dividend of $0.88 per share. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.31. The ex-dividend date was Friday, March 20th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 14.4%. ZIM Integrated Shipping Services's dividend payout ratio is 7.41%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on ZIM shares. Weiss Ratings cut shares of ZIM Integrated Shipping Services from a "buy (b-)" rating to a "hold (c-)" rating in a research report on Tuesday, March 10th. Citigroup upgraded shares of ZIM Integrated Shipping Services from a "sell" rating to a "neutral" rating and increased their target price for the stock from $11.50 to $31.80 in a research report on Thursday, February 19th. Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. Finally, Barclays raised their price target on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an "underweight" rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $17.83.
View Our Latest Research Report on ZIM Integrated Shipping Services
Institutional Investors Weigh In On ZIM Integrated Shipping Services
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZIM. Royal Bank of Canada increased its position 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 acquiring an additional 3,102 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter valued at $210,000. Goldman Sachs Group Inc. increased its stake in shares of 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 buying an additional 788,514 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 buying an additional 6,342 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of 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 buying an additional 64,057 shares during the period. Institutional investors and hedge funds own 21.42% of the company's stock.
About ZIM Integrated Shipping Services
(
Get Free Report)
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.
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