Robeco Institutional Asset Management B.V. Increases Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 1,129.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,440 shares of the company's stock after acquiring an additional 148,306 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of ZIM Integrated Shipping Services worth $3,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ZIM Integrated Shipping Services by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company's stock valued at $22,079,000 after buying an additional 36,692 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 worth $15,377,000 after buying an additional 126,459 shares during the last quarter. Millennium Management LLC raised its stake in shares of ZIM Integrated Shipping Services by 306.7% during the 2nd quarter. Millennium Management LLC now owns 425,795 shares of the company's stock worth $9,440,000 after acquiring an additional 321,100 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock valued at $10,337,000 after acquiring an additional 385,562 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ZIM. Jefferies Financial Group cut their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a report on Tuesday, December 17th. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Finally, Barclays dropped their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services has an average rating of "Hold" and a consensus target price of $15.04.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM traded up $0.04 during trading hours on Thursday, reaching $18.10. The stock had a trading volume of 5,899,745 shares, compared to its average volume of 5,530,096. ZIM Integrated Shipping Services Ltd. has a 52-week low of $9.08 and a 52-week high of $30.15. The stock has a fifty day moving average of $19.39 and a 200 day moving average of $20.44. 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 stock has a market cap of $2.18 billion, a P/E ratio of 1.52, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $2.81 per share. The ex-dividend date was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a yield of 62.09%. ZIM Integrated Shipping Services's payout ratio is currently 9.72%.

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.