Insider Selling: ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $139,493.77 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Assaf Tiran sold 4,727 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $29.51, for a total value of $139,493.77. The sale was disclosed in a document filed with the SEC, which is available at 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 Performance

ZIM stock opened at $29.57 on Wednesday. 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 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 1 year low of $12.33 and a 1 year high of $30.40. The stock’s fifty day moving average is $26.61 and its two-hundred day moving average is $26.30.

ZIM Integrated Shipping Services (NYSE:ZIM) last released 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). 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 the consensus estimate of $1.79 billion. On average, research analysts predict that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Meitav Investment House Ltd. lifted its stake in shares of ZIM Integrated Shipping Services by 13.7% in the 1st quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company’s stock worth $102,934,000 after acquiring an additional 472,092 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in ZIM Integrated Shipping Services during the fourth quarter worth approximately $89,845,000. Yelin Lapidot Holdings Management Ltd. raised its holdings in ZIM Integrated Shipping Services by 0.6% during the first quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,268,773 shares of the company’s stock worth $86,132,000 after purchasing an additional 19,939 shares in the last quarter. Renaissance Technologies LLC lifted its position 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 worth $77,371,000 after purchasing an additional 58,603 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in ZIM Integrated Shipping Services in the first quarter worth approximately $30,302,000. 21.42% of the stock is currently owned by 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.