Boston Partners Takes $845,000 Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Boston Partners purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 39,358 shares of the company’s stock, valued at approximately $845,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new position in ZIM Integrated Shipping Services during the third quarter worth about $2,294,000. Charles Schwab Investment Management Inc. raised its position in shares of ZIM Integrated Shipping Services by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock worth $22,079,000 after purchasing an additional 36,692 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $548,000. Quantbot Technologies LP grew its holdings in ZIM Integrated Shipping Services by 9,573.0% during the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after buying an additional 366,647 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in ZIM Integrated Shipping Services during the third quarter worth $620,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Down 0.8 %

Shares of NYSE:ZIM opened at $17.82 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 1.49, a PEG ratio of 0.27 and a beta of 1.70. The stock’s 50-day moving average price is $18.86 and its two-hundred day moving average price is $20.58. ZIM Integrated Shipping Services Ltd. has a 12-month low of $9.47 and a 12-month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be issued a dividend of $3.17 per share. This represents a $12.68 dividend on an annualized basis and a dividend yield of 71.16%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. ZIM Integrated Shipping Services’s dividend payout ratio is presently 6.51%.

Wall Street Analysts Forecast Growth

ZIM has been the topic of a number of analyst reports. Barclays decreased their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a research note on Monday, March 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Friday, March 7th. Five equities research 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 currently has an average rating of “Hold” and an average target price of $13.54.

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.