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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 42,334 call options on the company. This represents an increase of approximately 38% compared to the average volume of 30,755 call options.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after acquiring an additional 674,723 shares during the period. Allianz Asset Management GmbH grew its holdings 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 acquiring an additional 393,215 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ZIM Integrated Shipping Services by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock valued at $22,079,000 after buying an additional 36,692 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of ZIM Integrated Shipping Services by 26.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company’s stock valued at $15,377,000 after buying an additional 126,459 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in ZIM Integrated Shipping Services by 36.0% during the 4th quarter. Quantbot Technologies LP now owns 503,711 shares of the company’s stock worth $10,815,000 after purchasing an additional 133,234 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Price Performance

ZIM traded up $1.93 on Tuesday, reaching $21.30. 7,167,261 shares of the company’s stock were exchanged, compared to its average volume of 5,621,128. The stock has a market cap of $2.56 billion, a PE ratio of 1.78, a P/E/G ratio of 0.23 and a beta of 1.74. ZIM Integrated Shipping Services has a twelve month low of $9.08 and a twelve month high of $30.15. The stock’s fifty day moving average price is $19.22 and its 200-day moving average price is $20.48. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $2.81 per share. The ex-dividend date was Monday, December 2nd. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a yield of 52.77%. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ZIM shares. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Barclays lowered their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group decreased their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.04.

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.