ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 26.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,258 shares of the company’s stock after purchasing an additional 126,459 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.50% of ZIM Integrated Shipping Services worth $15,377,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fairman Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in ZIM Integrated Shipping Services in the third quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its position in ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after acquiring an additional 1,850 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of ZIM Integrated Shipping Services by 1,431.1% during the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after purchasing an additional 5,667 shares in the last quarter. Finally, American Capital Advisory LLC acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth $69,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ZIM. Bank of America lifted their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Barclays increased their price target on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $25.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $15.22.

ZIM Integrated Shipping Services Price Performance

NYSE:ZIM opened at $27.01 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41. ZIM Integrated Shipping Services Ltd. has a one year low of $6.39 and a one year high of $30.15. The stock has a 50-day simple moving average of $22.55 and a 200 day simple moving average of $20.38.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.07 by $1.01. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm earned ($1.37) EPS. Sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 13.65 EPS for the current year.

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.