Allianz Asset Management GmbH Boosts Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Allianz Asset Management GmbH boosted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 39.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,389,034 shares of the company’s stock after purchasing an additional 393,215 shares during the period. Allianz Asset Management GmbH’s holdings in ZIM Integrated Shipping Services were worth $29,823,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Capital Advisory LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter worth about $69,000. Sunbelt Securities Inc. purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $71,000. Farther Finance Advisors LLC boosted its position in ZIM Integrated Shipping Services by 467.6% in the 3rd 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 grew its stake in shares of ZIM Integrated Shipping Services by 126.7% during the 3rd 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. Finally, R Squared Ltd purchased a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $88,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Up 0.6 %

Shares of NYSE ZIM opened at $20.94 on Monday. ZIM Integrated Shipping Services Ltd. has a 52-week low of $9.08 and a 52-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’s 50-day simple moving average is $19.27 and its 200-day simple moving average is $20.58. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 1.75, a price-to-earnings-growth ratio of 0.27 and a beta of 1.74.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZIM. 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. Barclays lowered 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 research note on Friday, January 10th. Jefferies Financial Group cut their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, December 17th. Finally, Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.