ZIM Integrated Shipping Services Ltd. $ZIM Stock Bought by State Street Corp

Key Points

• State Street increased its ZIM stake by 2.9% in the second quarter, adding 41,735 shares to own 1.49 million shares, or about 1.23% of the company. Institutional investors collectively hold 21.42% of ZIM.
• ZIM shares opened at $29.42, near their 52-week high of $30.96, but the company’s latest quarterly results missed expectations: adjusted EPS was $0.53 versus an $0.80 consensus estimate, while revenue was $1.78 billion.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” and an average price target of $21.50. Meanwhile, insiders sold approximately $9.1 million worth of shares over the past 90 days.

State Street Corp raised its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,485,508 shares of the company's stock after acquiring an additional 41,735 shares during the quarter. State Street Corp owned approximately 1.23% of ZIM Integrated Shipping Services worth $38,623,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Meitav Investment House Ltd. boosted its stake in ZIM Integrated Shipping Services by 13.7% during the 1st quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company's stock worth $102,934,000 after purchasing an additional 472,092 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $89,845,000. Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of ZIM Integrated Shipping Services by 0.6% in the first quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,268,773 shares of the company's stock worth $86,132,000 after buying an additional 19,939 shares in the last quarter. Renaissance Technologies LLC boosted its position in ZIM Integrated Shipping Services by 2.0% during the first quarter. Renaissance Technologies LLC now owns 2,936,288 shares of the company's stock worth $77,371,000 after acquiring an additional 58,603 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in ZIM Integrated Shipping Services during the first quarter worth about $30,302,000. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Trading Down 2.2%

Shares of ZIM Integrated Shipping Services stock opened at $29.42 on Friday. The stock has a 50 day moving average of $27.41 and a 200 day moving average of $26.38. 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 firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 25.58 and a beta of 1.18. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $12.33 and a fifty-two week high of $30.96.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.27). The business 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, research analysts predict that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZIM. Weiss Ratings reiterated a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. Barclays set a $30.00 target price on ZIM Integrated Shipping Services and gave the stock an "equal weight" rating in a report on Monday, September 14th. Zacks Research cut ZIM Integrated Shipping Services from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $21.50.

Insider Transactions at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Assaf Tiran sold 4,727 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $29.51, for a total value of $139,493.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Sami Jubran sold 3,020 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $29.91, for a total transaction of $90,328.20. The SEC filing for this sale provides additional information. Insiders sold 320,122 shares of company stock worth $9,114,905 in the last 90 days. Insiders own 1.30% of the company's stock.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. is a global container liner company headquartered in Haifa, Israel. The company provides ocean transportation for containerized cargo, connecting ports and commercial markets across major international trade routes.

ZIM's services include scheduled container shipping, cargo transportation, and related logistics solutions. Its offerings support a range of cargo types, including dry goods, refrigerated products, hazardous materials, and vehicles. The company also provides digital tools and customer services designed to support booking, shipment management, documentation, and supply-chain visibility.

Founded in 1945, ZIM has developed from an Israeli shipping company into an international carrier serving customers through a network of vessels, ports, terminals, and logistics partners.

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