Boston Partners Makes New Investment in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Boston Partners bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 39,358 shares of the company’s stock, valued at approximately $845,000.

A number of other hedge funds have also recently added to or reduced their stakes in ZIM. JPMorgan Chase & Co. grew its position in shares of ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after acquiring an additional 674,723 shares during the last quarter. Allianz Asset Management GmbH grew its position in ZIM Integrated Shipping Services by 39.5% during the 4th quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock worth $29,823,000 after purchasing an additional 393,215 shares during the last quarter. Quantbot Technologies LP increased its stake in ZIM Integrated Shipping Services by 9,573.0% in the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after purchasing an additional 366,647 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $5,509,000. Finally, Verition Fund Management LLC boosted its stake in shares of ZIM Integrated Shipping Services by 2,171.6% during the third quarter. Verition Fund Management LLC now owns 208,057 shares of the company’s stock worth $5,339,000 after buying an additional 198,898 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock 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 stock has a 50 day simple moving average of $18.86 and a 200-day simple moving average of $20.58. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 1.49, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. 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 quarterly earnings data 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. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. On average, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be paid a $3.17 dividend. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 71.16%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 6.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZIM. Jefferies Financial Group restated a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Barclays dropped their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. decreased their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.