Assaf Tiran Sells 4,727 Shares of ZIM Integrated Shipping Services (NYSE:ZIM) Stock

Key Points

• Executive sale: ZIM EVP Assaf Tiran sold 4,727 shares at an average price of $29.51, generating approximately $139,494. He also sold 2,312 shares the prior week for about $69,846.
• Recent performance: ZIM opened at $29.57 and is near its 12-month high of $30.40. Its latest quarterly results missed expectations, with earnings per share of $0.53 versus the $0.80 consensus estimate.
• Analyst outlook: Institutional investors own 21.42% of the company, while analysts maintain a consensus “Hold” rating with a $21.50 target price, well below the current share price.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) EVP Assaf Tiran sold 4,727 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $29.51, for a total value of $139,493.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Assaf Tiran also recently made the following trade(s):

• On Tuesday, September 8th, Assaf Tiran sold 2,312 shares of ZIM Integrated Shipping Services stock. The stock was sold at an average price of $30.21, for a total value of $69,845.52.

ZIM Integrated Shipping Services Stock Down 0.5%

ZIM opened at $29.57 on Wednesday. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 25.71 and a beta of 1.18. ZIM Integrated Shipping Services Ltd. has a 12 month low of $12.33 and a 12 month high of $30.40. 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 business has a 50-day moving average of $26.61 and a two-hundred day moving average of $26.30.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued 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 company had revenue of $1.78 billion for 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%. On average, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several hedge funds and other institutional investors have recently modified their holdings of ZIM. Meitav Investment House Ltd. increased its holdings in ZIM Integrated Shipping Services by 13.7% in the first quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company's stock valued at $102,934,000 after buying an additional 472,092 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $89,845,000. Yelin Lapidot Holdings Management Ltd. raised its position in shares of ZIM Integrated Shipping Services by 0.6% during the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,268,773 shares of the company's stock valued at $86,132,000 after acquiring an additional 19,939 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 58,603 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in ZIM Integrated Shipping Services in the first quarter worth $30,302,000. Institutional investors own 21.42% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ZIM shares. JPMorgan Chase & Co. increased their target price on shares of 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. Zacks Research lowered ZIM Integrated Shipping Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Weiss Ratings restated a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. Finally, Barclays set a $30.00 price objective on shares of ZIM Integrated Shipping Services and gave the company an "equal weight" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and a consensus target price of $21.50.

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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