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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the recipient of some unusual options trading activity on Friday. Stock traders bought 116,150 call options on the stock. This is an increase of approximately 267% compared to the typical daily volume of 31,688 call options.

ZIM Integrated Shipping Services Stock Down 0.8 %

Shares of NYSE ZIM opened at $17.82 on Friday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 1.49, a PEG ratio of 0.27 and a beta of 1.70. 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 has a 52-week low of $9.47 and a 52-week high of $30.15. The business’s 50 day moving average is $18.86 and its two-hundred day moving average is $20.58.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. Research analysts predict that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a dividend of $3.17 per share. The ex-dividend date is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 71.16%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio is currently 6.51%.

Institutional Trading of ZIM Integrated Shipping Services

Large investors have recently modified their holdings of the stock. Altshuler Shaham Ltd increased its position in shares of ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $32,000 after acquiring an additional 1,300 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth $45,000. Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth $71,000. Brown Brothers Harriman & Co. acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth $79,000. Finally, Mark Sheptoff Financial Planning LLC grew its stake in shares of ZIM Integrated Shipping Services by 126.7% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Barclays reduced their price target on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.54.

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.