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

American Century Companies Inc. lifted its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,986,637 shares of the company’s stock after acquiring an additional 354,538 shares during the period. American Century Companies Inc. owned 2.48% of ZIM Integrated Shipping Services worth $40,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Lane Capital LP purchased a new stake in ZIM Integrated Shipping Services in the third quarter valued at approximately $542,000. R Squared Ltd raised its holdings in shares of ZIM Integrated Shipping Services by 190.8% during the third quarter. R Squared Ltd now owns 30,966 shares of the company’s stock worth $420,000 after purchasing an additional 20,319 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in ZIM Integrated Shipping Services by 62.5% in the third quarter. Total Clarity Wealth Management Inc. now owns 17,594 shares of the company’s stock valued at $238,000 after purchasing an additional 6,764 shares during the last quarter. Fox Run Management L.L.C. grew its position in ZIM Integrated Shipping Services by 33.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 59,683 shares of the company’s stock worth $809,000 after purchasing an additional 15,029 shares during the period. Finally, TD Asset Management Inc grew its position in ZIM Integrated Shipping Services by 15.1% during the 3rd quarter. TD Asset Management Inc now owns 16,000 shares of the company’s stock worth $217,000 after purchasing an additional 2,100 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Down 2.1%

Shares of ZIM opened at $27.83 on Friday. 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 market capitalization of $3.35 billion, a PE ratio of 3.34 and a beta of 1.57. The stock has a fifty day simple moving average of $23.80 and a two-hundred day simple moving average of $18.60. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 1.12.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ZIM shares. Barclays boosted their price objective on ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the company an “underweight” rating in a report on Friday, December 19th. Weiss Ratings raised ZIM Integrated Shipping Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price target 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. Fearnley Fonds raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $11.50 to $31.80 in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and a consensus price target of $17.21.

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.