Engineers Gate Manager LP Cuts Stake in ZIM Integrated Shipping Services Ltd. $ZIM

Engineers Gate Manager LP lessened its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 12.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 168,877 shares of the company’s stock after selling 23,927 shares during the period. Engineers Gate Manager LP’s holdings in ZIM Integrated Shipping Services were worth $4,391,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ZIM. Value Base Ltd. purchased a new position in ZIM Integrated Shipping Services in the 4th quarter worth approximately $1,316,000. Yelin Lapidot Holdings Management Ltd. boosted its stake in ZIM Integrated Shipping Services by 1.2% during the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after purchasing an additional 40,000 shares during the last quarter. Sagil Capital LLP purchased a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $1,486,000. Global Retirement Partners LLC purchased a new position in shares of ZIM Integrated Shipping Services in the second quarter worth $1,023,000. Finally, Weiss Asset Management LP bought a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at $7,283,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Zacks Research lowered ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. Barclays boosted their price objective on shares of ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised 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 report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.83.

Insider Buying and Selling

In related news, EVP Eyal Ben-Amram sold 4,000 shares of ZIM Integrated Shipping Services stock in a transaction on Monday, August 24th. The stock was sold at an average price of $28.57, for a total transaction of $114,280.00. Following the transaction, the executive vice president directly owned 6,486 shares in the company, valued at approximately $185,305.02. The trade was a 38.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eli Glickman sold 254,221 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $28.22, for a total value of $7,174,116.62. Following the sale, the chief executive officer directly owned 233,473 shares of the company’s stock, valued at $6,588,608.06. This represents a 52.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 288,851 shares of company stock worth $8,183,073 in the last quarter. Company insiders own 1.30% of the company’s stock.

ZIM Integrated Shipping Services Stock Up 0.3%

ZIM opened at $29.56 on Friday. The firm’s 50 day simple moving average is $26.37 and its two-hundred day simple moving average is $26.31. The company has a market capitalization of $3.56 billion, a PE ratio of 25.70 and a beta of 1.18. ZIM Integrated Shipping Services Ltd. has a 1-year low of $12.33 and a 1-year high of $30.40. 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 (NYSE:ZIM) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.27). The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. As a group, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

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.