ZIM Integrated Shipping Services (NYSE:ZIM) EVP Saar Dotan Sells 26,544 Shares of Stock

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) EVP Saar Dotan sold 26,544 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $29.85, for a total transaction of $792,338.40. Following the sale, the executive vice president owned 67,200 shares of the company’s stock, valued at $2,005,920. This trade represents a 28.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 8th, Saar Dotan sold 3,690 shares of ZIM Integrated Shipping Services stock. The shares were sold at an average price of $30.32, for a total value of $111,880.80.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $29.57 on Wednesday. The firm has a market cap of $3.56 billion, a P/E ratio of 25.71 and a beta of 1.18. The business’s 50 day moving average is $26.61 and its 200-day moving average is $26.30. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. ZIM Integrated Shipping Services Ltd. has a 1-year low of $12.33 and a 1-year high of $30.40.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued 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 firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd bought a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter valued at approximately $679,000. Cidel Asset Management Inc. lifted its stake in ZIM Integrated Shipping Services by 7.1% in the 2nd quarter. Cidel Asset Management Inc. now owns 13,271 shares of the company’s stock valued at $345,000 after purchasing an additional 883 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in ZIM Integrated Shipping Services by 9.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,507 shares of the company’s stock valued at $455,000 after purchasing an additional 1,468 shares during the last quarter. Amundi boosted its position in ZIM Integrated Shipping Services by 5.3% in the second quarter. Amundi now owns 12,213 shares of the company’s stock valued at $318,000 after buying an additional 612 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in ZIM Integrated Shipping Services by 3.8% in the second quarter. Sigma Planning Corp now owns 11,475 shares of the company’s stock valued at $298,000 after buying an additional 425 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.