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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) was the target of some unusual options trading activity on Tuesday. Traders purchased 42,334 call options on the stock. This represents an increase of 38% compared to the average daily volume of 30,755 call options.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. 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 for the company in a report on Tuesday, December 17th. 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 cut their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Finally, Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ZIM Integrated Shipping Services has an average rating of "Hold" and a consensus price target of $15.04.

ZIM Integrated Shipping Services Trading Up 2.3 %

Shares of NYSE:ZIM traded up $0.45 during mid-day trading on Friday, hitting $20.13. The stock had a trading volume of 3,430,394 shares, compared to its average volume of 5,391,088. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company has a market cap of $2.42 billion, a PE ratio of 1.69, a P/E/G ratio of 0.23 and a beta of 1.74. ZIM Integrated Shipping Services has a 12-month low of $9.08 and a 12-month high of $30.15. The company's 50 day moving average is $19.22 and its 200-day moving average is $20.50.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $2.81 dividend. This represents a $11.24 annualized dividend and a dividend yield of 55.85%. The ex-dividend date was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. ZIM Integrated Shipping Services's dividend payout ratio is 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several hedge funds have recently made changes to their positions in ZIM. Renaissance Technologies LLC lifted its position in shares of ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after acquiring an additional 1,909,480 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in ZIM Integrated Shipping Services by 33.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after buying an additional 940,587 shares in the last quarter. JPMorgan Chase & Co. lifted 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 worth $46,482,000 after buying an additional 674,723 shares in the last quarter. Causeway Capital Management LLC lifted its position in ZIM Integrated Shipping Services by 509.3% in the 4th quarter. Causeway Capital Management LLC now owns 587,518 shares of the company's stock worth $12,614,000 after buying an additional 491,093 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in ZIM Integrated Shipping Services by 39.5% in the 4th quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock worth $29,823,000 after buying an additional 393,215 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.

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.