ZIM Integrated Shipping Services Sees Unusually Large Options Volume (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) was the target of some unusual options trading on Monday. Stock investors purchased 32,016 call options on the stock. This is an increase of approximately 63% compared to the average daily volume of 19,637 call options.

Analyst Ratings Changes

Several brokerages have recently issued reports on ZIM. Barclays cut ZIM Integrated Shipping Services from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $26.50 to $15.00 in a report on Monday, February 13th. Jefferies Financial Group reissued a “hold” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a report on Monday. Finally, JPMorgan Chase & Co. raised ZIM Integrated Shipping Services from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $17.60 to $30.40 in a report on Friday, February 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.08.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock opened at $23.02 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. ZIM Integrated Shipping Services has a twelve month low of $16.23 and a twelve month high of $91.23. The business has a 50-day moving average price of $20.37 and a 200 day moving average price of $22.92. The firm has a market cap of $2.76 billion, a PE ratio of 0.60 and a beta of 2.19.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last announced its quarterly earnings results on Monday, March 13th. The company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $2.26 by $1.18. ZIM Integrated Shipping Services had a return on equity of 118.65% and a net margin of 42.71%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the business earned $14.17 EPS. Sell-side analysts predict that ZIM Integrated Shipping Services will post 37.23 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 24th will be paid a $6.40 dividend. This represents a $25.60 annualized dividend and a dividend yield of 111.21%. The ex-dividend date is Tuesday, April 4th. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.95. ZIM Integrated Shipping Services’s payout ratio is currently 66.74%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in ZIM Integrated Shipping Services by 166.9% during the 1st quarter. Renaissance Technologies LLC now owns 4,062,538 shares of the company’s stock worth $295,387,000 after buying an additional 2,540,500 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in ZIM Integrated Shipping Services by 123.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,433,175 shares of the company’s stock worth $249,626,000 after buying an additional 1,897,990 shares in the last quarter. BlackRock Inc. increased its stake in ZIM Integrated Shipping Services by 2.9% during the 3rd quarter. BlackRock Inc. now owns 3,361,309 shares of the company’s stock worth $78,990,000 after buying an additional 95,106 shares in the last quarter. Altshuler Shaham Ltd increased its stake in ZIM Integrated Shipping Services by 0.6% during the 4th quarter. Altshuler Shaham Ltd now owns 2,565,395 shares of the company’s stock worth $44,099,000 after buying an additional 14,254 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in ZIM Integrated Shipping Services by 158.2% during the 3rd quarter. Marshall Wace LLP now owns 1,592,960 shares of the company’s stock worth $37,438,000 after buying an additional 976,018 shares in the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

About ZIM Integrated Shipping Services

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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.