SBI Securities Co. Ltd. Invests $1.29 Million in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

SBI Securities Co. Ltd. acquired a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 60,271 shares of the company’s stock, valued at approximately $1,294,000.

Several other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in shares of ZIM Integrated Shipping Services by 467.6% in the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after purchasing an additional 2,450 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in ZIM Integrated Shipping Services by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock valued at $1,137,000 after buying an additional 915 shares in the last quarter. Van ECK Associates Corp raised its holdings in ZIM Integrated Shipping Services by 1.6% during 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 during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of ZIM Integrated Shipping Services during the third quarter worth $337,000. Finally, American Capital Advisory LLC bought a new position in shares of ZIM Integrated Shipping Services in the third quarter worth $69,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Down 2.3 %

ZIM stock opened at $19.76 on Tuesday. The company’s 50 day moving average is $19.52 and its 200 day moving average is $20.67. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 1.65, a price-to-earnings-growth ratio of 0.27 and a beta of 1.74. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a 1-year low of $9.08 and a 1-year high of $30.15.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on 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. 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 note on Friday, January 10th. Finally, Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.04.

ZIM Integrated Shipping Services Profile

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.