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

Navellier & Associates Inc. acquired a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 83,230 shares of the company’s stock, valued at approximately $1,787,000. Navellier & Associates Inc. owned 0.07% of ZIM Integrated Shipping Services as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ZIM. JPMorgan Chase & Co. grew 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 worth $46,482,000 after buying an additional 674,723 shares during the period. Allianz Asset Management GmbH grew its stake in ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock worth $29,823,000 after buying an additional 393,215 shares during the period. International Assets Investment Management LLC grew its stake in ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after buying an additional 385,562 shares during the period. Quantbot Technologies LP grew its stake in ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after buying an additional 366,647 shares during the period. Finally, Decker Retirement Planning Inc. purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter worth approximately $5,509,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZIM has been the subject of several analyst reports. Barclays decreased their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group decreased their target price on shares of 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. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and an average target price of $15.04.

ZIM Integrated Shipping Services Trading Up 0.6 %

ZIM opened at $20.94 on Friday. The stock has a market capitalization 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 firm’s fifty day moving average price is $19.27 and its 200 day moving average price is $20.55. 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 12-month low of $9.08 and a 12-month high of $30.15.

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.