Investors Purchase Large Volume of ZIM Integrated Shipping Services Call Options (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 45,217 call options on the stock. This represents an increase of 40% compared to the average volume of 32,362 call options.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock traded up $1.10 during trading hours on Tuesday, reaching $23.43. 9,905,126 shares of the company were exchanged, compared to its average volume of 6,064,349. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -1.12, a PEG ratio of 0.04 and a beta of 1.83. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41. The stock has a 50-day moving average of $18.81 and a 200 day moving average of $16.79. ZIM Integrated Shipping Services has a 12 month low of $6.39 and a 12 month high of $23.88.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.71 billion. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. During the same period in the previous year, the company earned ($1.37) earnings per share. As a group, research analysts anticipate that ZIM Integrated Shipping Services will post 10.87 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 15.88%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, August 29th. ZIM Integrated Shipping Services’s dividend payout ratio is -4.35%.

Institutional Trading of ZIM Integrated Shipping Services

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after purchasing an additional 1,850 shares during the last quarter. Mather Group LLC. bought a new stake in shares of ZIM Integrated Shipping Services during the second quarter worth $96,000. Scarborough Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth $58,000. Russell Investments Group Ltd. grew its holdings in shares of ZIM Integrated Shipping Services by 1,431.1% during the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after purchasing an additional 5,667 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of ZIM Integrated Shipping Services during the second quarter worth $142,000. 21.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ZIM has been the topic of several recent analyst reports. Bank of America lifted their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Barclays lifted their target price on ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an “underweight” rating in a research note on Friday, August 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $22.00 target price on shares of ZIM Integrated Shipping Services in a research note on Monday, August 19th. Citigroup cut ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and lifted their target price for the company from $11.60 to $13.00 in a research note on Thursday, June 6th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services has a consensus rating of “Reduce” and a consensus target price of $14.84.

ZIM Integrated Shipping Services Company Profile

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.