SBI Securities Co. Ltd. Acquires Shares of 60,271 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

SBI Securities Co. Ltd. acquired a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in ZIM Integrated Shipping Services by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock valued at $977,000 after acquiring an additional 591 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock valued at $1,137,000 after purchasing an additional 915 shares in the last quarter. Olympiad Research LP boosted its position in shares of ZIM Integrated Shipping Services by 12.9% during the third quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after buying an additional 1,212 shares during the last quarter. Truist Financial Corp grew its holdings in ZIM Integrated Shipping Services by 10.2% during the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company’s stock worth $318,000 after buying an additional 1,376 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its position in ZIM Integrated Shipping Services by 126.7% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock valued at $87,000 after buying an additional 1,900 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $19.76 on Tuesday. 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 market cap of $2.38 billion, a price-to-earnings ratio of 1.65, a P/E/G ratio of 0.27 and a beta of 1.74. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.08 and a 52 week high of $30.15. The firm’s 50-day simple moving average is $19.52 and its two-hundred day simple moving average is $20.67.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Barclays reduced 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 research report on Friday, January 10th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group reduced their target price on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, December 17th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.