SBI Securities Co. Ltd. bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 60,271 shares of the company's stock, valued at approximately $1,294,000. SBI Securities Co. Ltd. owned approximately 0.05% of ZIM Integrated Shipping Services at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in ZIM. U S Global Investors Inc. bought a new position in ZIM Integrated Shipping Services in the 4th quarter valued at about $345,000. Sigma Planning Corp lifted its holdings in shares of ZIM Integrated Shipping Services by 15.1% in the fourth quarter. Sigma Planning Corp now owns 43,232 shares of the company's stock valued at $928,000 after purchasing an additional 5,664 shares in the last quarter. Navellier & Associates Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $1,787,000. Allianz Asset Management GmbH grew its holdings in ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock worth $29,823,000 after buying an additional 393,215 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in ZIM Integrated Shipping Services by 66.0% in the 4th quarter. Global Retirement Partners LLC now owns 28,591 shares of the company's stock valued at $614,000 after buying an additional 11,370 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday. Clarkson Capital raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Barclays decreased their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a report on Friday, January 10th. Jefferies Financial Group dropped their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a research note on Tuesday, December 17th. Finally, Fearnley Fonds lowered ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.84.
Get Our Latest Analysis on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Price Performance
NYSE ZIM traded up $0.95 during trading hours on Friday, hitting $20.72. The company had a trading volume of 7,799,556 shares, compared to its average volume of 5,523,318. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.08 and a 52 week high of $30.15. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 1.74, a PEG ratio of 0.27 and a beta of 1.70. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The firm has a 50 day simple moving average of $19.39 and a 200 day simple moving average of $20.65.
About ZIM Integrated Shipping Services
(
Free Report)
ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.
Featured Articles
Before you consider ZIM Integrated Shipping Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZIM Integrated Shipping Services wasn't on the list.
While ZIM Integrated Shipping Services currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
