ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells 26,544 Shares

Key Points

• Insider sale: EVP Saar Dotan sold 26,544 ZIM shares for approximately $792,338, reducing his position by 28.32% to 67,200 shares. He also sold 3,690 shares earlier in September.
• Stock and earnings: ZIM shares fell 1% to $29.43, near their 52-week high of $30.40. The company reported quarterly EPS of $0.53, below the $0.80 consensus estimate, while revenue of $1.78 billion was roughly in line with expectations.
• Analyst view: The stock carries a consensus “Hold” rating, with six Holds, one Strong Buy, and one Sell; the average price target is $21.50, below the current share price.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) EVP Saar Dotan sold 26,544 shares of ZIM Integrated Shipping Services stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $29.85, for a total value of $792,338.40. Following the transaction, the executive vice president owned 67,200 shares in the company, valued at approximately $2,005,920. The trade was a 28.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Saar Dotan also recently made the following trade(s):

• On Tuesday, September 8th, Saar Dotan sold 3,690 shares of ZIM Integrated Shipping Services stock. The shares were sold at an average price of $30.32, for a total value of $111,880.80.

ZIM Integrated Shipping Services Trading Down 1.0%

Shares of ZIM traded down $0.29 during midday trading on Tuesday, reaching $29.43. The company had a trading volume of 329,523 shares, compared to its average volume of 2,202,431. ZIM Integrated Shipping Services Ltd. has a 1-year low of $12.33 and a 1-year high of $30.40. The stock has a market cap of $3.55 billion, a PE ratio of 25.57 and a beta of 1.18. The firm has a 50 day simple moving average of $26.49 and a 200-day simple moving average of $26.30. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 1.09.

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 the consensus estimate of $0.80 by ($0.27). ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays set a $30.00 price target on shares of ZIM Integrated Shipping Services and gave the stock an "equal weight" rating in a report on Monday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, September 2nd. Zacks Research downgraded shares of ZIM Integrated Shipping Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an "underweight" rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of "Hold" and a consensus target price of $21.50.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently bought and sold shares of ZIM. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $89,845,000. Meitav Investment House Ltd. boosted 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 purchasing an additional 472,092 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. boosted its holdings 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. Renaissance Technologies LLC increased its stake in ZIM Integrated Shipping Services by 2.0% in the first quarter. Renaissance Technologies LLC now owns 2,936,288 shares of the company's stock valued at $77,371,000 after purchasing an additional 58,603 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in ZIM Integrated Shipping Services during the first quarter worth approximately $30,302,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

About ZIM Integrated Shipping Services

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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