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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw some unusual options trading on Tuesday. Investors acquired 42,334 call options on the company. This is an increase of approximately 38% compared to the typical daily volume of 30,755 call options.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ZIM shares. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Barclays cut their price target on 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. Jefferies Financial Group lowered their target price on 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. Finally, Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.04.

ZIM Integrated Shipping Services Trading Up 10.0 %

Shares of ZIM stock traded up $1.93 during mid-day trading on Tuesday, hitting $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 price-to-earnings ratio of 1.78, a PEG ratio of 0.23 and a beta of 1.74. The stock has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $20.48. ZIM Integrated Shipping Services has a fifty-two week low of $9.08 and a fifty-two week 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.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $2.81 dividend. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 52.77%. ZIM Integrated Shipping Services’s payout ratio is 9.72%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. increased its stake in shares of ZIM Integrated Shipping Services by 25.2% during the 4th quarter. Sei Investments Co. now owns 132,051 shares of the company’s stock valued at $2,835,000 after acquiring an additional 26,549 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of ZIM Integrated Shipping Services by 36.0% during the 4th quarter. Quantbot Technologies LP now owns 503,711 shares of the company’s stock valued at $10,815,000 after acquiring an additional 133,234 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of ZIM Integrated Shipping Services by 32.4% during the 4th quarter. Teacher Retirement System of Texas now owns 94,557 shares of the company’s stock valued at $2,030,000 after acquiring an additional 23,144 shares during the last quarter. Boston Partners acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $845,000. Finally, Counterpoint Mutual Funds LLC increased its stake in shares of ZIM Integrated Shipping Services by 45.7% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 81,472 shares of the company’s stock valued at $1,749,000 after acquiring an additional 25,555 shares during the last quarter. Institutional investors and hedge funds 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.