Robeco Institutional Asset Management B.V. Has $192,000 Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Robeco Institutional Asset Management B.V. cut its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 91.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,134 shares of the company's stock after selling 148,306 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in ZIM Integrated Shipping Services were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock worth $122,951,000 after purchasing an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in ZIM Integrated Shipping Services by 33.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after buying an additional 940,587 shares during the last quarter. Marshall Wace LLP increased its stake in shares of ZIM Integrated Shipping Services by 6.9% in the 4th quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock valued at $41,580,000 after buying an additional 124,558 shares during the period. Jump Financial LLC raised its position in shares of ZIM Integrated Shipping Services by 19.1% during the fourth quarter. Jump Financial LLC now owns 890,867 shares of the company's stock worth $19,127,000 after acquiring an additional 142,669 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at $16,381,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZIM has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Barclays lifted their price target on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research report on Friday, June 27th. Bank of America cut their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a report on Friday, April 11th. Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price for the company. in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. dropped their target price 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. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $14.82.

ZIM Integrated Shipping Services Trading Down 2.3%

Shares of ZIM stock traded down $0.37 on Thursday, reaching $15.78. The company had a trading volume of 4,262,939 shares, compared to its average volume of 6,211,083. The stock has a market cap of $1.90 billion, a PE ratio of 0.81, a PEG ratio of 0.28 and a beta of 1.76. The company has a 50-day moving average of $16.55 and a 200-day moving average of $17.46. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.04 and a 12 month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were given a $0.74 dividend. This represents a dividend yield of 16.96%. The ex-dividend date of this dividend was Monday, June 2nd. ZIM Integrated Shipping Services's dividend payout ratio is currently 4.76%.

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.