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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) saw some unusual options trading on Monday. Stock traders acquired 34,600 call options on the stock. This represents an increase of 8% compared to the typical daily volume of 31,957 call options.

Analyst Ratings Changes

Several analysts recently commented on ZIM shares. Barclays boosted their price target 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 downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "hold" rating and set a $25.00 target price on the stock. in a research note on Wednesday, October 2nd. Bank of America lifted their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $15.44.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several large investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company's stock worth $43,000 after acquiring an additional 1,850 shares during the period. Russell Investments Group Ltd. grew its stake 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 period. Mather Group LLC. acquired a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at approximately $96,000. Finally, Cetera Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services during the first quarter worth $130,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock traded up $1.83 during trading on Monday, reaching $24.70. The company's stock had a trading volume of 9,850,272 shares, compared to its average volume of 6,143,407. ZIM Integrated Shipping Services has a one year low of $6.39 and a one year high of $26.20. The stock has a 50-day moving average price of $20.20 and a two-hundred day moving average price of $18.43. 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 market capitalization of $2.97 billion, a P/E ratio of -1.52, a price-to-earnings-growth ratio of 0.04 and a beta of 1.86.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its earnings results on Monday, August 19th. The company reported $3.08 earnings per share 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 the consensus estimate of $1.71 billion. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. During the same period in the previous year, the firm posted ($1.37) earnings per share. As a group, sell-side analysts anticipate that ZIM Integrated Shipping Services will post 11.22 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 29th were paid a $0.93 dividend. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. This represents a $3.72 annualized dividend and a dividend yield of 15.06%. The ex-dividend date of this dividend was Thursday, August 29th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is -5.64%.

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.