ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Free Report) EVP Saar Dotan sold 15,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $25.41, for a total value of $381,150.00. Following the completion of the sale, the executive vice president owned 101,667 shares of the company’s stock, 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 the SEC website.
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 Stock Down 0.3%
Shares of NYSE:ZIM opened at $25.17 on Monday. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 31.07 and a beta of 1.20. The company has a 50 day moving average of $25.95 and a two-hundred day moving average of $23.98. ZIM Integrated Shipping Services Ltd. has a 52-week low of $12.33 and a 52-week high of $29.97. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of ZIM. Clal Insurance Enterprises Holdings Ltd acquired a new position in ZIM Integrated Shipping Services during the 4th quarter valued at approximately $89,845,000. Y.D. More Investments Ltd increased its position in 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 worth $80,308,000 after buying an additional 3,781,745 shares during the period. BNP Paribas Financial Markets lifted its stake in 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 valued at $21,088,000 after buying an additional 1,306,157 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in ZIM Integrated Shipping Services in the first quarter valued at $30,302,000. Finally, Yelin Lapidot Holdings Management Ltd. boosted its holdings in shares of ZIM Integrated Shipping Services by 34.1% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock valued at $68,973,000 after acquiring an additional 825,848 shares during the period. 21.42% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ZIM. Barclays upped their price objective on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a research report on Monday, March 16th. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Weiss Ratings downgraded ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Finally, Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and raised their price objective for the company from $11.50 to $31.80 in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of “Hold” and an average target price of $17.83.
About ZIM Integrated Shipping Services
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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