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

Segall Bryant & Hamill LLC boosted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 35.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 179,900 shares of the company’s stock after acquiring an additional 46,900 shares during the quarter. Segall Bryant & Hamill LLC owned 0.15% of ZIM Integrated Shipping Services worth $2,438,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fifth Lane Capital LP bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $542,000. Yelin Lapidot Holdings Management Ltd. grew its position in ZIM Integrated Shipping Services by 96.7% during the third quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,422,986 shares of the company’s stock valued at $32,831,000 after buying an additional 1,191,480 shares during the period. VestGen Advisors LLC purchased a new stake in ZIM Integrated Shipping Services during the second quarter valued at approximately $2,075,000. Global Retirement Partners LLC bought a new position in ZIM Integrated Shipping Services in the second quarter worth approximately $570,000. Finally, Sierra Summit Advisors LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $854,000. Institutional investors own 21.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced 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 note on Monday, December 1st. Jefferies Financial Group upped their price target on ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Monday, December 8th. UBS Group set a $9.70 price objective on ZIM Integrated Shipping Services in a research report on Monday, November 24th. Weiss Ratings upgraded ZIM Integrated Shipping Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Finally, Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.21.

ZIM Integrated Shipping Services Stock Performance

NYSE 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. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $29.97. The business has a 50-day moving average price of $23.67 and a 200-day moving average price of $18.52. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 3.41 and a beta of 1.57.

About ZIM Integrated Shipping Services

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.