Insider Selling: ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $348,019.20 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Xavier Destriau sold 12,084 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $28.80, for a total value of $348,019.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM opened at $27.40 on Friday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $29.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 23.83 and a beta of 1.21. The business has a 50-day moving average of $25.78 and a 200-day moving average of $26.02.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.27). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%. As a group, equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.

Institutional Trading of ZIM Integrated Shipping Services

Several hedge funds have recently modified their holdings of ZIM. Value Base Ltd. bought a new position in ZIM Integrated Shipping Services during the fourth quarter worth $1,316,000. Yelin Lapidot Holdings Management Ltd. increased its stake in ZIM Integrated Shipping Services by 1.2% in the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after purchasing an additional 40,000 shares in the last quarter. Sagil Capital LLP bought a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $1,486,000. Weiss Asset Management LP bought a new position in shares of ZIM Integrated Shipping Services during the 1st quarter worth about $7,283,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at about $1,023,000. Institutional investors own 21.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZIM. Zacks Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Barclays increased their price target on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.83.

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.