ZIM Integrated Shipping Services (NYSE:ZIM) EVP Assaf Tiran Sells 2,312 Shares of Stock

Key Points

• EVP Assaf Tiran sold 2,312 ZIM shares at an average price of $30.21, generating proceeds of approximately $69,846 in an SEC-disclosed transaction.
• ZIM shares fell 3.2% to $29.11, though the stock remains near its one-year high of $30.40 and has a market capitalization of about $3.51 billion.
• The company reported quarterly EPS of $0.53, missing the $0.80 analyst consensus, while analysts maintain a consensus “Hold” rating and an average price target of $19.83.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) EVP Assaf Tiran sold 2,312 shares of the 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 is available through the SEC website.

ZIM Integrated Shipping Services Trading Down 3.2%

Shares of ZIM Integrated Shipping Services stock traded down $0.96 during trading on Wednesday, hitting $29.11. 1,219,706 shares of the company were exchanged, compared to its average volume of 2,230,474. 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 firm has a market capitalization of $3.51 billion, a P/E ratio of 25.32 and a beta of 1.18. The firm's fifty day moving average price is $26.13 and its 200 day moving average price is $26.29. ZIM Integrated Shipping Services Ltd. has a 1-year low of $12.33 and a 1-year high of $30.40.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.27). The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates 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, sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently bought and sold shares of ZIM. Pin Oak Investment Advisors Inc. acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter worth approximately $26,000. Quarry LP bought a new stake in shares of ZIM Integrated Shipping Services in the third quarter worth $34,000. Huntington National Bank lifted its position in shares of 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 worth $42,000 after purchasing an additional 2,000 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in ZIM Integrated Shipping Services during the second quarter worth $42,000. Finally, Larson Financial Group LLC grew its position in 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 purchasing an additional 1,998 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on ZIM shares. Zacks Research cut shares of ZIM Integrated Shipping Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. JPMorgan Chase & Co. increased their price target on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an "underweight" rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. Finally, Barclays increased their target price on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $19.83.

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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