ZIM Integrated Shipping Services Ltd. $ZIM Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 13.5% during the 3rd quarter, Holdings Channel reports. The fund owned 2,986,637 shares of the company’s stock after acquiring an additional 354,538 shares during the quarter. American Century Companies Inc.’s holdings in ZIM Integrated Shipping Services were worth $40,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in ZIM Integrated Shipping Services during the second quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in ZIM Integrated Shipping Services during the 2nd quarter worth $37,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth $49,000. Allworth Financial LP lifted its stake in ZIM Integrated Shipping Services by 230.6% in the second quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock valued at $59,000 after buying an additional 2,537 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 206.7% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 4,600 shares of the company’s stock valued at $74,000 after acquiring an additional 3,100 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZIM. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. cut their price objective on ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating for the company in a research report on Monday, December 1st. Weiss Ratings raised ZIM Integrated Shipping Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $21.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group boosted their price objective on shares of ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and a consensus price target of $17.21.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock opened at $27.83 on Friday. The firm has a fifty day moving average of $23.80 and a 200-day moving average of $18.60. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.03 and a 52-week high of $29.97. 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 firm has a market capitalization of $3.35 billion, a P/E ratio of 3.34 and a beta of 1.57.

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.