ZIM Integrated Shipping Services Target of Unusually Large Options Trading (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the target of some unusual options trading on Friday. Investors bought 116,150 call options on the stock. This is an increase of approximately 267% compared to the average volume of 31,688 call options.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in ZIM Integrated Shipping Services in the third quarter valued at about $2,612,000. Blueshift Asset Management LLC bought a new stake in ZIM Integrated Shipping Services in the third quarter valued at about $620,000. Quantbot Technologies LP increased its holdings 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 last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at about $5,509,000. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 0.8 %

Shares of ZIM opened at $17.82 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a 12-month low of $9.47 and a 12-month high of $30.15. The firm has a market capitalization of $2.15 billion, a PE ratio of 1.49, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The stock’s fifty day simple moving average is $18.86 and its 200-day simple moving average is $20.56.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. As a group, research analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share 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 issued a $3.17 dividend. This represents a $12.68 dividend on an annualized basis and a yield of 71.16%. The ex-dividend date is Monday, March 24th. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio is currently 6.51%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research note on Friday, March 7th. Barclays reduced 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. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.