ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Free Report) EVP Saar Dotan sold 26,544 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $29.85, for a total transaction of $792,338.40. Following the transaction, the executive vice president directly owned 67,200 shares of the company’s stock, valued at $2,005,920. This trade represents a 28.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 Trading Up 3.5%
Shares of ZIM stock opened at $30.36 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 stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 26.40 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’s 50-day moving average price is $26.82 and its 200-day moving average price is $26.31.
Hedge Funds Weigh In On ZIM Integrated Shipping Services
Institutional investors and hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd purchased a new stake in ZIM Integrated Shipping Services during the 2nd quarter valued at $679,000. Cidel Asset Management Inc. boosted its stake in ZIM Integrated Shipping Services by 7.1% during the second quarter. Cidel Asset Management Inc. now owns 13,271 shares of the company’s stock worth $345,000 after buying an additional 883 shares during the period. Integrated Wealth Concepts LLC increased its position in ZIM Integrated Shipping Services by 9.2% during the second quarter. Integrated Wealth Concepts LLC now owns 17,507 shares of the company’s stock valued at $455,000 after acquiring an additional 1,468 shares during the last quarter. Amundi increased its position in ZIM Integrated Shipping Services by 5.3% during the second quarter. Amundi now owns 12,213 shares of the company’s stock valued at $318,000 after acquiring an additional 612 shares during the last quarter. Finally, Sigma Planning Corp raised its stake 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 valued at $298,000 after acquiring an additional 425 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on ZIM. JPMorgan Chase & Co. raised 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 report on Tuesday, June 30th. Zacks Research downgraded shares of ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, September 2nd. Finally, 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 note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.50.
View Our Latest Stock Report on ZIM
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.
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