ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) CEO Eli Glickman sold 254,221 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $28.22, for a total value of $7,174,116.62. Following the completion of the transaction, the chief executive officer owned 233,473 shares in the company, valued at $6,588,608.06. This represents a 52.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
ZIM Integrated Shipping Services Price Performance
Shares of ZIM opened at $28.37 on Tuesday. The firm has a market cap of $3.42 billion, a PE ratio of 24.67 and a beta of 1.21. The firm's 50 day moving average price is $25.50 and its 200 day moving average price is $25.86. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.24. ZIM Integrated Shipping Services Ltd. has a twelve month low of $12.33 and a twelve month high of $29.97.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported $0.53 EPS 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 business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. As a group, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.
Analyst Ratings Changes
ZIM has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an "underweight" rating in a research report on Tuesday, June 30th. Barclays upped their price target on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the stock an "underweight" rating in a research note on Tuesday, June 30th. Zacks Research raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 2nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, ZIM Integrated Shipping Services has a consensus rating of "Hold" and an average price target of $19.33.
Read Our Latest Analysis on ZIM
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter worth $26,000. Quarry LP bought a new stake in ZIM Integrated Shipping Services during the third quarter valued at about $34,000. Huntington National Bank grew its position in shares of ZIM Integrated Shipping Services by 200,000.0% in the fourth quarter. Huntington National Bank now owns 2,001 shares of the company's stock valued at $42,000 after purchasing an additional 2,000 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the second quarter valued at about $42,000. Finally, Larson Financial Group LLC increased its stake in shares of ZIM Integrated Shipping Services by 158.8% in the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company's stock worth $44,000 after purchasing an additional 1,998 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.
About ZIM Integrated Shipping Services
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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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