ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Acquired 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% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,591 shares of the company’s stock after purchasing 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 SEC filing.

Other institutional investors have also made changes to their positions in the company. American Capital Advisory LLC acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth $69,000. Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth $71,000. Farther Finance Advisors LLC lifted its position in shares of ZIM Integrated Shipping Services by 467.6% during 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. Mark Sheptoff Financial Planning LLC lifted its position 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 in the last quarter. Finally, R Squared Ltd acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $88,000. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Up 0.6 %

ZIM stock opened at $20.94 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. ZIM Integrated Shipping Services Ltd. has a 1-year low of $9.08 and a 1-year high of $30.15. The firm has a fifty day moving average price of $19.27 and a two-hundred day moving average price of $20.56. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 1.75, a PEG ratio of 0.27 and a beta of 1.74.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays cut their price target 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 cut their price target 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. 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, Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. 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 company’s stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently 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.