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 business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $29.51, for a total value of $139,493.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $30.21, for a total value of $69,845.52.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM opened at $30.05 on Friday. The company has a market cap of $3.62 billion, a P/E ratio of 26.13 and a beta of 1.18. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $12.33 and a fifty-two week high of $30.40. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average price is $26.95 and its 200 day moving average price is $26.34.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.27). The company had revenue of $1.78 billion during 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%. On average, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors have recently bought and sold shares of ZIM. Pin Oak Investment Advisors Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the 2nd quarter worth $26,000. Pinnacle Holdings LLC acquired a new stake in ZIM Integrated Shipping Services during the second quarter worth approximately $42,000. Huntington National Bank boosted its holdings in shares of ZIM Integrated Shipping Services by 200,000.0% during the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the last quarter. Assetmark Inc. acquired a new stake in ZIM Integrated Shipping Services in the 1st quarter worth about $59,000. Finally, Leonteq Securities AG purchased a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $61,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. 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. Barclays set a $30.00 price objective on shares of ZIM Integrated Shipping Services and gave the stock an “equal weight” rating in a research 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.50.

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.