ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $13,735.42 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Arik Elimelech sold 458 shares of ZIM Integrated Shipping Services stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $29.99, for a total value of $13,735.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

ZIM Integrated Shipping Services Stock Up 0.3%

Shares of ZIM Integrated Shipping Services stock opened at $29.56 on Friday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $30.40. The business has a 50-day moving average of $26.37 and a two-hundred day moving average of $26.31. The company has a market capitalization of $3.56 billion, a P/E ratio of 25.70 and a beta of 1.18. 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 released its quarterly earnings results on Thursday, August 20th. The company reported $0.53 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 business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. As a group, equities analysts predict that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ZIM shares. Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. Zacks Research lowered shares of ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Barclays increased their target price on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. boosted their price target on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.83.

Institutional Trading of ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sigma Planning Corp boosted its position in ZIM Integrated Shipping Services by 3.8% during the second quarter. Sigma Planning Corp now owns 11,475 shares of the company’s stock valued at $298,000 after purchasing an additional 425 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of ZIM Integrated Shipping Services by 2.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock worth $594,000 after purchasing an additional 497 shares during the last quarter. Amundi increased its position in shares of ZIM Integrated Shipping Services by 5.3% during the 2nd quarter. Amundi now owns 12,213 shares of the company’s stock worth $318,000 after purchasing an additional 612 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of ZIM Integrated Shipping Services by 4.7% during the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock worth $194,000 after purchasing an additional 638 shares in the last quarter. Finally, HUB Investment Partners LLC raised its stake in shares of ZIM Integrated Shipping Services by 6.4% during the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after purchasing an additional 722 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

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.