Key Points
- EVP Saar Dotan sold 11,000 shares of ZIM Integrated Shipping Services on June 12 at an average price of $26.11, totaling about $287,210. After the sale, he still held 90,667 shares.
- Dotan has been actively trimming his stake in recent days, including sales of 15,000 shares on June 4 and June 2, and 20,000 shares on June 1.
- ZIM recently reported weaker-than-expected quarterly results, posting a loss of $0.72 per share versus the $0.22 loss expected and revenue of $1.40 billion versus estimates of $1.48 billion. Analysts currently have a consensus Hold rating on the stock.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) EVP Saar Dotan sold 11,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $26.11, for a total value of $287,210.00. Following the sale, the executive vice president owned 90,667 shares of the company's stock, valued at $2,367,315.37. This trade represents a 10.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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 value 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 value 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 value of $492,600.00.
ZIM Integrated Shipping Services Price Performance
Shares of NYSE:ZIM opened at $24.91 on Tuesday. ZIM Integrated Shipping Services Ltd. has a one year low of $12.33 and a one year high of $29.97. The stock has a fifty day moving average of $25.88 and a 200-day moving average of $24.32. The company has a market capitalization of $3.00 billion, a PE ratio of 30.75 and a beta of 1.21. 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 (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.50). ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.48 billion. As a group, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current fiscal year.
Institutional Trading of ZIM Integrated Shipping Services
A number of hedge funds have recently modified their holdings of ZIM. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $89,845,000. Y.D. More Investments Ltd lifted its holdings in shares of ZIM Integrated Shipping Services by 378,174.5% in the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company's stock valued at $80,308,000 after purchasing an additional 3,781,745 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of ZIM Integrated Shipping Services by 29,305.7% in the second quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company's stock worth $21,088,000 after acquiring an additional 1,306,157 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of ZIM Integrated Shipping Services in the first quarter worth $30,302,000. Finally, Yelin Lapidot Holdings Management Ltd. increased its stake in shares of ZIM Integrated Shipping Services by 34.1% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company's stock worth $68,973,000 after acquiring an additional 825,848 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on ZIM. Weiss Ratings reiterated a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Barclays increased their target price 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. Citigroup upgraded ZIM Integrated Shipping Services from a "sell" rating to a "neutral" rating and increased their target price for the company from $11.50 to $31.80 in a report on Thursday, February 19th. Finally, Fearnley Fonds upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.83.
Read Our Latest Stock Analysis 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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