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

Robeco Institutional Asset Management B.V. increased its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 1,129.2% during the 4th quarter, Holdings Channel reports. The fund owned 161,440 shares of the company’s stock after purchasing an additional 148,306 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in ZIM Integrated Shipping Services were worth $3,466,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZIM. Fairman Group LLC acquired a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the third quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $43,000 after acquiring an additional 1,850 shares during the last quarter. American Capital Advisory LLC purchased a new position in ZIM Integrated Shipping Services in the third quarter worth approximately $69,000. Finally, Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $71,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $17.78 on Monday. The stock has a market cap of $2.14 billion, a P/E ratio of 1.49, a P/E/G ratio of 0.23 and a beta of 1.77. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.08 and a twelve month high of $30.15. The stock has a 50 day moving average of $19.64 and a two-hundred day moving average of $20.44. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $2.81 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 63.20%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is currently 9.72%.

Analysts Set New Price Targets

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

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.