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

Allianz Asset Management GmbH raised its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 39.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,389,034 shares of the company’s stock after acquiring an additional 393,215 shares during the period. Allianz Asset Management GmbH owned approximately 1.15% of ZIM Integrated Shipping Services worth $29,823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZIM. JPMorgan Chase & Co. increased its stake in ZIM Integrated Shipping Services by 59.4% in the 3rd 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. Charles Schwab Investment Management Inc. grew its stake in ZIM Integrated Shipping Services by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock worth $22,079,000 after purchasing an additional 36,692 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in ZIM Integrated Shipping Services by 26.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company’s stock worth $15,377,000 after purchasing an additional 126,459 shares during the period. International Assets Investment Management LLC raised its position in ZIM Integrated Shipping Services by 2,228.7% during the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after purchasing an additional 385,562 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of ZIM Integrated Shipping Services by 39.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 388,000 shares of the company’s stock worth $9,956,000 after buying an additional 110,000 shares during the period. 21.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZIM has been the subject of a number of research reports. Jefferies Financial Group lowered their price objective 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. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Barclays reduced their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Finally, Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.04.

ZIM Integrated Shipping Services Stock Up 0.6 %

Shares of ZIM stock opened at $20.94 on Monday. The stock’s fifty day moving average price is $19.27 and its 200 day moving average price is $20.58. ZIM Integrated Shipping Services Ltd. has a 1-year low of $9.08 and a 1-year high of $30.15. The company 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. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

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.