ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) EVP Saar Dotan sold 15,000 shares of the business's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $25.41, for a total value of $381,150.00. Following the completion of the transaction, the executive vice president owned 101,667 shares in the company, valued at approximately $2,583,358.47. This trade represents a 12.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Saar Dotan also recently made the following trade(s):
- On Tuesday, June 2nd, Saar Dotan sold 15,000 shares of ZIM Integrated Shipping Services stock. The stock was sold at an average price of $25.09, for a total value of $376,350.00.
- 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 Up 1.1%
NYSE:ZIM opened at $25.52 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.19. ZIM Integrated Shipping Services Ltd. has a one year low of $12.33 and a one year high of $29.97. The business's 50-day simple moving average is $25.93 and its 200 day simple moving average is $24.04. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 31.51 and a beta of 1.21.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. As a group, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current fiscal year.
Institutional Trading of ZIM Integrated Shipping Services
A number of institutional investors and hedge funds have recently made changes to their positions in ZIM. Goldman Sachs Group Inc. grew its holdings 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 worth $68,879,000 after buying an additional 788,514 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in ZIM Integrated Shipping Services during the 4th quarter valued at $89,845,000. Meitav Investment House Ltd. boosted its stake in ZIM Integrated Shipping Services by 13.7% during the 1st quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company's stock valued at $102,934,000 after purchasing an additional 472,092 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of ZIM Integrated Shipping Services by 378,174.5% during the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company's stock valued at $80,308,000 after acquiring an additional 3,781,745 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. lifted its position in shares of ZIM Integrated Shipping Services by 0.6% during the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,268,773 shares of the company's stock valued at $86,132,000 after acquiring an additional 19,939 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Weiss Ratings cut ZIM Integrated Shipping Services from a "buy (b-)" rating to a "hold (c-)" rating in a research note on Tuesday, March 10th. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Barclays upped their price objective on 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. Finally, Citigroup upgraded ZIM Integrated Shipping Services from a "sell" rating to a "neutral" rating and upped their price objective for the company from $11.50 to $31.80 in a research note on Thursday, February 19th. One investment 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, the company has an average rating of "Hold" and an average price target of $17.83.
Read Our Latest Report on ZIM
ZIM Integrated Shipping Services Company Profile
(
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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