ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Position Increased by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 66.0% in the 4th quarter, Holdings Channel reports. The fund owned 28,591 shares of the company’s stock after buying an additional 11,370 shares during the period. Global Retirement Partners LLC’s holdings in ZIM Integrated Shipping Services were worth $614,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ZIM. JPMorgan Chase & Co. grew its position in shares of ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after acquiring an additional 674,723 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after acquiring an additional 385,562 shares during the last quarter. Quantbot Technologies LP grew its position in shares of ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after acquiring an additional 366,647 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth about $5,509,000. Finally, Verition Fund Management LLC grew its position in shares of ZIM Integrated Shipping Services by 2,171.6% during the third quarter. Verition Fund Management LLC now owns 208,057 shares of the company’s stock worth $5,339,000 after acquiring an additional 198,898 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

ZIM stock opened at $20.94 on Friday. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $9.08 and a fifty-two week high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $2.52 billion, a P/E ratio of 1.75, a PEG ratio of 0.27 and a beta of 1.74. The company has a 50-day simple moving average of $19.27 and a 200 day simple moving average of $20.56.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZIM. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research 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 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 report on Friday, November 22nd. Finally, Jefferies Financial Group reduced 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 report on Tuesday, December 17th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.