Key Points
- Executive sale: ZIM EVP Saar Dotan sold 26,544 shares at an average price of $29.85, totaling approximately $792,338. Following the transaction, his holdings fell 28.32% to 67,200 shares.
- Quarterly performance: ZIM reported $0.53 in quarterly EPS, missing the $0.80 analyst consensus, while revenue of $1.78 billion was slightly below estimates. Analysts expect full-year EPS of $3.15.
- Market outlook: Shares opened at $29.57 near their 12-month high of $30.40, but analysts maintain a consensus “Hold” rating with a $21.50 target price; institutional investors own 21.42% of the stock.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) EVP Saar Dotan sold 26,544 shares of the business's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $29.85, for a total value of $792,338.40. Following the sale, the executive vice president owned 67,200 shares in the company, valued at $2,005,920. This represents a 28.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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 stock was sold at an average price of $30.32, for a total value of $111,880.80.
ZIM Integrated Shipping Services Price Performance
ZIM Integrated Shipping Services stock opened at $29.57 on Wednesday. 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 company has a market capitalization of $3.56 billion, a PE ratio of 25.71 and a beta of 1.18. ZIM Integrated Shipping Services Ltd. has a 12 month low of $12.33 and a 12 month high of $30.40. The stock has a 50-day moving average price of $26.61 and a two-hundred day moving average price of $26.30.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced 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). The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. Analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an "underweight" rating in a research report on Tuesday, June 30th. Weiss Ratings restated a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, September 2nd. Barclays set a $30.00 price target on shares of ZIM Integrated Shipping Services and gave the company an "equal weight" rating in a research note on Monday. Finally, Zacks Research lowered shares of ZIM Integrated Shipping Services from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and a consensus target price of $21.50.
View Our Latest Report on ZIM
Hedge Funds Weigh In On ZIM Integrated Shipping Services
Hedge funds have recently made changes to their positions in the stock. Meitav Investment House Ltd. lifted its stake in shares of ZIM Integrated Shipping Services by 13.7% in the first quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company's stock worth $102,934,000 after acquiring an additional 472,092 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at approximately $89,845,000. Yelin Lapidot Holdings Management Ltd. raised its holdings in ZIM Integrated Shipping Services by 0.6% during the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,268,773 shares of the company's stock worth $86,132,000 after purchasing an additional 19,939 shares during the last quarter. Renaissance Technologies LLC raised its holdings in ZIM Integrated Shipping Services by 2.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,936,288 shares of the company's stock worth $77,371,000 after purchasing an additional 58,603 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of ZIM Integrated Shipping Services in the 1st quarter worth approximately $30,302,000. 21.42% of the stock is currently owned by institutional investors.
ZIM Integrated Shipping Services Company Profile
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Get Free Report)
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.
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