Insider Selling: ZIM Integrated Shipping Services (NYSE:ZIM) EVP Sells $111,880.80 in Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 3,690 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $30.32, for a total value of $111,880.80. Following the completion of the transaction, the executive vice president owned 89,867 shares of the company’s stock, valued at $2,724,767.44. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, June 12th, Saar Dotan sold 11,000 shares of ZIM Integrated Shipping Services stock. The stock was sold at an average price of $26.11, for a total value of $287,210.00.

ZIM Integrated Shipping Services Stock Up 0.3%

Shares of NYSE:ZIM opened at $29.56 on Friday. 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 firm has a market cap of $3.56 billion, a price-to-earnings ratio of 25.70 and a beta of 1.18. The stock’s 50-day moving average price is $26.37 and its two-hundred day moving average price is $26.31. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month high of $30.40.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data 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 net margin of 2.15% and a return on equity of 1.11%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. On average, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ZIM. Barclays lifted 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. JPMorgan Chase & Co. upped their price objective on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Zacks Research lowered ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.83.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sigma Planning Corp boosted its position in shares of ZIM Integrated Shipping Services by 3.8% in the second quarter. Sigma Planning Corp now owns 11,475 shares of the company’s stock worth $298,000 after buying an additional 425 shares during the period. Pictet Asset Management Holding SA lifted its position in 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 acquiring an additional 497 shares in the last quarter. Amundi lifted its position in 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 acquiring an additional 612 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in ZIM Integrated Shipping Services by 4.7% in the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock worth $194,000 after acquiring an additional 638 shares during the period. Finally, HUB Investment Partners LLC boosted its holdings in ZIM Integrated Shipping Services by 6.4% in the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after acquiring an additional 722 shares during the period. 21.42% of the stock is owned by hedge funds and other institutional investors.

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.