ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Stock Position Lifted by Truist Financial Corp

Truist Financial Corp grew its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,804 shares of the company’s stock after acquiring an additional 1,376 shares during the quarter. Truist Financial Corp’s holdings in ZIM Integrated Shipping Services were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in 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 valued at $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of ZIM Integrated Shipping Services by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock valued at $22,079,000 after buying an additional 36,692 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in ZIM Integrated Shipping Services by 26.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company’s stock worth $15,377,000 after acquiring an additional 126,459 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in ZIM Integrated Shipping Services by 39.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 388,000 shares of the company’s stock worth $9,956,000 after acquiring an additional 110,000 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in ZIM Integrated Shipping Services by 9,573.0% in 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. 21.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZIM. Barclays lowered their target price on 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 ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group cut their target price 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. Finally, 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. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.04.

ZIM Integrated Shipping Services Trading Down 2.0 %

Shares of ZIM stock opened at $18.92 on Thursday. The firm has a market capitalization of $2.28 billion, a PE ratio of 1.58, a price-to-earnings-growth ratio of 0.27 and a beta of 1.74. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.08 and a 1 year high of $30.15. The stock has a fifty day moving average of $19.43 and a two-hundred day moving average of $20.66.

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.