Key Points
- ZIM EVP Assaf Tiran sold 4,727 shares at an average price of $29.51, generating approximately $139,494; he also sold 2,312 shares the previous week.
- ZIM shares opened at $29.34, near their 12-month high of $30.40, with a market capitalization of about $3.54 billion. The company’s latest quarterly EPS of $0.53 missed analyst expectations of $0.80.
- Wall Street maintains a consensus “Hold” rating, with a consensus price target of $21.50; institutional investors own 21.42% of the stock.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) EVP Assaf Tiran sold 4,727 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $29.51, for a total transaction of $139,493.77. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $30.21, for a total transaction of $69,845.52.
ZIM Integrated Shipping Services Stock Performance
ZIM stock opened at $29.34 on Thursday. The stock's 50 day simple moving average is $26.70 and its 200 day simple 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 12-month low of $12.33 and a 12-month high of $30.40. The stock has a market capitalization of $3.54 billion, a PE ratio of 25.51 and a beta of 1.18.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $1.79 billion. As a group, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of ZIM. Pin Oak Investment Advisors Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter valued at about $26,000. Huntington National Bank boosted its holdings in shares of ZIM Integrated Shipping Services by 200,000.0% in the fourth quarter. Huntington National Bank now owns 2,001 shares of the company's stock worth $42,000 after buying an additional 2,000 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in shares of ZIM Integrated Shipping Services in the second quarter worth approximately $42,000. Assetmark Inc. bought a new stake in ZIM Integrated Shipping Services during the first quarter valued at approximately $59,000. Finally, Leonteq Securities AG bought a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $61,000. 21.42% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
ZIM has been the subject of several research analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. Zacks Research cut shares of ZIM Integrated Shipping Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. JPMorgan Chase & Co. upped their target price 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, Barclays set a $30.00 price target on shares of ZIM Integrated Shipping Services and gave the stock an "equal weight" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and a consensus price target of $21.50.
Get Our Latest Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
