Saar Dotan Sells 20,000 Shares of ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 20,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $24.63, for a total value of $492,600.00. Following the completion of the sale, the executive vice president directly owned 131,667 shares of the company’s stock, valued at approximately $3,242,958.21. This trade represents a 13.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were sold at an average price of $25.09, for a total value of $376,350.00.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $24.48 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.19 and a quick ratio of 1.09. The stock has a market cap of $2.95 billion, a PE ratio of 30.23 and a beta of 1.20. The stock has a 50-day moving average of $25.99 and a 200-day moving average of $23.85. ZIM Integrated Shipping Services Ltd. has a one year low of $12.33 and a one year high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. As a group, sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were given a $0.88 dividend. The ex-dividend date was Friday, March 20th. This represents a $3.52 annualized dividend and a dividend yield of 14.4%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. ZIM Integrated Shipping Services’s payout ratio is presently 7.41%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays boosted their price objective on 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. Weiss Ratings lowered ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th. Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $11.50 to $31.80 in a research report on Thursday, February 19th. Finally, Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. One 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.83.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Hedge funds have recently made changes to their positions in the business. Hoey Investments Inc. bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $25,000. Lodestone Wealth Management LLC bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $29,000. Huntington National Bank grew its stake in shares of ZIM Integrated Shipping Services by 200,000.0% during the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after acquiring an additional 2,000 shares in the last quarter. Assetmark Inc. bought a new position in shares of ZIM Integrated Shipping Services during the 1st quarter worth approximately $59,000. Finally, Quarry LP bought a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $34,000. 21.42% of the stock is owned by institutional investors.

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.