Navellier & Associates Inc. Purchases New Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Navellier & Associates Inc. bought a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 83,230 shares of the company’s stock, valued at approximately $1,787,000.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays dropped 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 report on Friday, January 10th. Jefferies Financial Group dropped their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.04.

ZIM Integrated Shipping Services Trading Up 0.6 %

Shares of NYSE:ZIM opened at $20.94 on Friday. The company has a market cap of $2.52 billion, a PE ratio of 1.75, a P/E/G ratio of 0.27 and a beta of 1.74. The company’s 50-day moving average price is $19.27 and its 200 day moving average price is $20.55. 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.

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.