Segall Bryant & Hamill LLC Grows Position in ZIM Integrated Shipping Services Ltd. $ZIM

Segall Bryant & Hamill LLC increased its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 35.3% in the third quarter, Holdings Channel.com reports. The fund owned 179,900 shares of the company’s stock after purchasing an additional 46,900 shares during the period. Segall Bryant & Hamill LLC’s holdings in ZIM Integrated Shipping Services were worth $2,438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in ZIM Integrated Shipping Services by 8.2% in the 1st quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock worth $596,000 after purchasing an additional 3,102 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the first quarter worth about $210,000. Goldman Sachs Group Inc. lifted its position in shares of ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after buying an additional 788,514 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in ZIM Integrated Shipping Services by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 13,786 shares of the company’s stock valued at $222,000 after buying an additional 776 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in ZIM Integrated Shipping Services during the 2nd quarter valued at approximately $26,000. 21.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on ZIM. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $11.50 to $31.80 in a research note on Thursday, February 19th. Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Barclays upped their price target on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the company an “underweight” rating in a research note on Friday, December 19th. UBS Group set a $9.70 price objective on shares of ZIM Integrated Shipping Services in a research note on Monday, November 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating on the stock in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.21.

ZIM Integrated Shipping Services Stock Down 1.6%

Shares of ZIM opened at $28.38 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $23.67 and a 200 day moving average of $18.52. The company has a market cap of $3.42 billion, a PE ratio of 3.41 and a beta of 1.57. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.03 and a 52-week high of $29.97.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.