ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Free Report) EVP Assaf Tiran sold 2,312 shares of ZIM Integrated Shipping Services stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $30.21, for a total value of $69,845.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ZIM Integrated Shipping Services Stock Down 3.2%
NYSE ZIM traded down $0.96 during trading hours on Wednesday, hitting $29.11. 1,219,706 shares of the company traded hands, compared to its average volume of 2,230,474. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.24. The business’s 50-day moving average is $26.13 and its 200-day moving average is $26.29. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 25.32 and a beta of 1.18. ZIM Integrated Shipping Services Ltd. has a twelve month low of $12.33 and a twelve month high of $30.40.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. Sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.
Wall Street Analyst Weigh In
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Institutional Investors Weigh In On ZIM Integrated Shipping Services
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pin Oak Investment Advisors Inc. acquired a new position in shares of ZIM Integrated Shipping Services in the second quarter valued at about $26,000. Quarry LP acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $34,000. Huntington National Bank increased its holdings in shares of ZIM Integrated Shipping Services by 200,000.0% during the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the second quarter valued at approximately $42,000. Finally, Larson Financial Group LLC boosted 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 valued at $44,000 after buying an additional 1,998 shares during the period. Institutional investors and hedge funds own 21.42% of the company’s stock.
ZIM Integrated Shipping Services Company Profile
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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