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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) was the target of some unusual options trading on Friday. Stock traders acquired 116,150 call options on the company. This represents an increase of approximately 267% compared to the average volume of 31,688 call options.

ZIM Integrated Shipping Services Stock Performance

ZIM traded down $0.42 during midday trading on Tuesday, reaching $15.20. The company had a trading volume of 4,652,449 shares, compared to its average volume of 5,700,991. ZIM Integrated Shipping Services has a 1 year low of $9.47 and a 1 year high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.83 billion, a P/E ratio of 1.27, a P/E/G ratio of 0.27 and a beta of 1.70. The business has a 50-day moving average of $18.81 and a two-hundred day moving average of $20.60.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, equities research analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

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ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be given a $3.17 dividend. The ex-dividend date is Monday, March 24th. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a yield of 83.41%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 6.51%.

Analysts Set New Price Targets

A number of equities analysts have commented on ZIM shares. Barclays decreased their price target 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. Jefferies Financial Group reissued a "hold" rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.54.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in 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 buying an additional 674,723 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in ZIM Integrated Shipping Services in the third quarter worth about $2,612,000. Blueshift Asset Management LLC bought a new position in ZIM Integrated Shipping Services during the 3rd quarter worth about $620,000. Quantbot Technologies LP increased its position in ZIM Integrated Shipping Services by 9,573.0% during the 3rd 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 period. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $5,509,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

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.