Insider Selling: ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $69,845.52 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Assaf Tiran sold 2,312 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $30.21, for a total value of $69,845.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ZIM Integrated Shipping Services Price Performance

ZIM opened at $29.56 on Friday. The firm has a market cap of $3.56 billion, a PE ratio of 25.70 and a beta of 1.18. The stock has a 50-day moving average price of $26.37 and a 200-day moving average price of $26.31. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year 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.

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

Analyst Ratings Changes

ZIM has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, August 27th. Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. JPMorgan Chase & Co. upped their price objective on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Finally, Zacks Research downgraded ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.83.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds have recently bought and sold shares of ZIM. WINTON GROUP Ltd bought a new position in ZIM Integrated Shipping Services during the 2nd quarter valued at about $679,000. Cidel Asset Management Inc. grew its stake in shares of ZIM Integrated Shipping Services by 7.1% in the second quarter. Cidel Asset Management Inc. now owns 13,271 shares of the company’s stock worth $345,000 after acquiring an additional 883 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of ZIM Integrated Shipping Services by 9.2% in the second quarter. Integrated Wealth Concepts LLC now owns 17,507 shares of the company’s stock worth $455,000 after acquiring an additional 1,468 shares during the period. Amundi raised its holdings in shares of ZIM Integrated Shipping Services by 5.3% during the second quarter. Amundi now owns 12,213 shares of the company’s stock valued at $318,000 after purchasing an additional 612 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of ZIM Integrated Shipping Services by 2,475.1% during the second quarter. California State Teachers Retirement System now owns 3,270,800 shares of the company’s stock valued at $85,041,000 after purchasing an additional 3,143,783 shares during the last quarter. 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.