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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 26,544 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $29.85, for a total transaction of $792,338.40. Following the completion of the sale, the executive vice president directly owned 67,200 shares of the company’s stock, valued at approximately $2,005,920. This trade represents a 28.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 stock was sold at an average price of $30.32, for a total value of $111,880.80.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock traded down $0.29 on Tuesday, hitting $29.43. The stock had a trading volume of 329,523 shares, compared to its average volume of 2,202,431. ZIM Integrated Shipping Services Ltd. has a 52-week low of $12.33 and a 52-week high of $30.40. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 25.57 and a beta of 1.18. The company’s 50 day moving average price is $26.49 and its 200 day moving average price is $26.30.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several large investors have recently modified their holdings of ZIM. Pin Oak Investment Advisors Inc. purchased a new position in ZIM Integrated Shipping Services in the 2nd quarter valued at $26,000. Pinnacle Holdings LLC purchased a new position in ZIM Integrated Shipping Services during the 2nd quarter worth $42,000. Huntington National Bank lifted its stake in shares of ZIM Integrated Shipping Services by 200,000.0% in the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after acquiring an additional 2,000 shares during the period. Assetmark Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter worth $59,000. Finally, Leonteq Securities AG purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $61,000. Hedge funds and other institutional investors own 21.42% 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.