Nissim Yochai Sells 7,535 Shares of ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Free Report) EVP Nissim Yochai sold 7,535 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $28.83, for a total value of $217,234.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock opened at $28.11 on Wednesday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $12.33 and a twelve month high of $29.97. The stock has a market capitalization of $3.39 billion, a P/E ratio of 24.44 and a beta of 1.21. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The business’s fifty day moving average price is $25.58 and its 200 day moving average price is $25.91.

ZIM Integrated Shipping Services (NYSE:ZIMGet Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.27). The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. As a group, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter valued at about $26,000. Quarry LP purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $34,000. Huntington National Bank grew its position in 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 acquiring an additional 2,000 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in ZIM Integrated Shipping Services in the second quarter valued at approximately $42,000. Finally, Larson Financial Group LLC raised its stake in shares of ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock valued at $44,000 after purchasing an additional 1,998 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ZIM. Zacks Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Barclays lifted their price target on shares of ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, June 30th. Two investment 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.33.

View 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.

Recommended Stories

Insider Buying and Selling by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)

Receive News & Ratings for ZIM Integrated Shipping Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIM Integrated Shipping Services and related companies with MarketBeat.com's FREE daily email newsletter.