Blue Trust Inc. Sells 13,429 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Blue Trust Inc. reduced its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 67.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,356 shares of the company's stock after selling 13,429 shares during the quarter. Blue Trust Inc.'s holdings in ZIM Integrated Shipping Services were worth $136,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. American Capital Advisory LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter worth about $69,000. Sunbelt Securities Inc. bought a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $71,000. Farther Finance Advisors LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 467.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company's stock worth $76,000 after acquiring an additional 2,450 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in ZIM Integrated Shipping Services by 126.7% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company's stock valued at $87,000 after purchasing an additional 1,900 shares in the last quarter. Finally, R Squared Ltd acquired a new position in ZIM Integrated Shipping Services in the fourth quarter worth $88,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Up 1.7 %

NYSE:ZIM traded up $0.37 during trading hours on Tuesday, hitting $22.22. The stock had a trading volume of 5,819,176 shares, compared to its average volume of 5,517,598. The business's 50 day moving average is $19.39 and its 200-day moving average is $20.62. 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 company has a market cap of $2.68 billion, a price-to-earnings ratio of 1.86, a P/E/G ratio of 0.27 and a beta of 1.74. ZIM Integrated Shipping Services Ltd. has a one year low of $9.08 and a one year high of $30.15.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ZIM shares. Jefferies Financial Group lowered their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating for the company in a research report on Tuesday, December 17th. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Clarkson Capital raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Finally, Barclays cut their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $15.04.

About ZIM Integrated Shipping Services

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.