Charles Schwab Investment Management Inc. Buys 36,692 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Charles Schwab Investment Management Inc. boosted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 860,456 shares of the company's stock after buying an additional 36,692 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of ZIM Integrated Shipping Services worth $22,079,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ZIM. Renaissance Technologies LLC boosted its stake in ZIM Integrated Shipping Services by 479.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company's stock worth $58,429,000 after purchasing an additional 2,181,000 shares during the period. Marshall Wace LLP grew its stake in ZIM Integrated Shipping Services by 638.6% during the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company's stock valued at $53,148,000 after acquiring an additional 2,072,715 shares in the last quarter. American Century Companies Inc. increased its holdings in ZIM Integrated Shipping Services by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 1,759,141 shares of the company's stock worth $39,000,000 after acquiring an additional 127,229 shares during the period. Encompass Capital Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the 2nd quarter worth approximately $14,383,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in ZIM Integrated Shipping Services by 26.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company's stock valued at $15,377,000 after purchasing an additional 126,459 shares during the period. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Up 1.6 %

Shares of ZIM traded up $0.34 on Friday, reaching $20.96. The stock had a trading volume of 3,765,354 shares, compared to its average volume of 6,236,984. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 1.75, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. The company has a 50-day simple moving average of $22.74 and a 200-day simple moving average of $20.70. ZIM Integrated Shipping Services Ltd. has a 12-month low of $6.97 and a 12-month high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a $2.81 dividend. This represents a $11.24 annualized dividend and a dividend yield of 53.63%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, December 2nd. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 9.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an "underweight" rating in a research note on Monday, November 25th. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. restated an "underweight" rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Jefferies Financial Group restated a "hold" rating and issued a $25.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. Finally, Bank of America increased their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $15.74.

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.