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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw unusually large options trading on Monday. Stock investors bought 34,600 call options on the stock. This represents an increase of approximately 8% compared to the average daily volume of 31,957 call options.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ZIM shares. Bank of America raised their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Jefferies Financial Group cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a report on Wednesday, October 2nd. Finally, 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. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of “Reduce” and a consensus target price of $15.44.

ZIM Integrated Shipping Services Stock Up 7.3 %

Shares of ZIM Integrated Shipping Services stock traded up $1.66 during trading on Monday, hitting $24.53. 7,246,474 shares of the stock traded hands, compared to its average volume of 6,130,479. The company has a fifty day moving average price of $20.08 and a two-hundred day moving average price of $18.33. ZIM Integrated Shipping Services has a twelve month low of $6.39 and a twelve month high of $26.20. The stock has a market cap of $2.95 billion, a P/E ratio of -1.52, a PEG ratio of 0.04 and a beta of 1.86. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company earned ($1.37) earnings per share. Equities research analysts predict that ZIM Integrated Shipping Services will post 11.22 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 15.17%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 29th. ZIM Integrated Shipping Services’s dividend payout ratio is presently -5.64%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in shares of ZIM Integrated Shipping Services by 29.5% during the 1st quarter. International Assets Investment Management LLC now owns 22,800 shares of the company’s stock valued at $243,000 after acquiring an additional 5,200 shares during the last quarter. Counterpoint Mutual Funds LLC grew its holdings in ZIM Integrated Shipping Services by 105.9% during the first quarter. Counterpoint Mutual Funds LLC now owns 28,438 shares of the company’s stock valued at $288,000 after purchasing an additional 14,627 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at approximately $310,000. Russell Investments Group Ltd. lifted its position in ZIM Integrated Shipping Services by 1,431.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after acquiring an additional 5,667 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in shares of ZIM Integrated Shipping Services in the first quarter worth about $854,000. 21.42% of the stock is currently owned by institutional investors.

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.