Fifth Lane Capital LP Acquires New Shares in ZIM Integrated Shipping Services Ltd. $ZIM

Fifth Lane Capital LP acquired a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,000 shares of the company’s stock, valued at approximately $542,000.

A number of other institutional investors have also added to or reduced their stakes in ZIM. Legacy Investment Solutions LLC bought a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter worth $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in ZIM Integrated Shipping Services in the second quarter worth approximately $37,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $49,000. Allworth Financial LP increased its stake in shares of ZIM Integrated Shipping Services by 230.6% in the second quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock worth $59,000 after buying an additional 2,537 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in ZIM Integrated Shipping Services by 124.0% in the 3rd quarter. New York State Common Retirement Fund now owns 4,616 shares of the company’s stock worth $63,000 after buying an additional 2,555 shares during the period. 21.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ZIM. Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the stock an “underweight” rating in a report on Friday, December 19th. JPMorgan Chase & Co. lowered their target price on shares of ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating for the company in a report on Monday, December 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $21.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, January 14th. Jefferies Financial Group raised their target price on 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. Finally, Wall Street Zen upgraded ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.21.

ZIM Integrated Shipping Services Stock Down 1.1%

Shares of NYSE:ZIM opened at $28.89 on Friday. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.03 and a 1-year high of $29.97. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.30 and a quick ratio of 1.22. The stock has a market cap of $3.48 billion, a P/E ratio of 3.47 and a beta of 1.70. The firm has a fifty day moving average price of $22.86 and a 200 day moving average price of $18.12.

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.