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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw some unusual options trading activity on Wednesday. Stock investors bought 43,744 call options on the stock. This represents an increase of 56% compared to the typical daily volume of 28,089 call options.

Analysts Set New Price Targets

Several brokerages have issued reports on ZIM. Bank of America decreased their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research note on Friday, April 11th. Barclays decreased their price target on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group upped their price objective on ZIM Integrated Shipping Services from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.66.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Large investors have recently bought and sold shares of the business. Causeway Capital Management LLC boosted its position in ZIM Integrated Shipping Services by 15.5% during the 1st quarter. Causeway Capital Management LLC now owns 678,540 shares of the company’s stock valued at $9,900,000 after acquiring an additional 91,022 shares in the last quarter. Kestra Advisory Services LLC boosted its position in ZIM Integrated Shipping Services by 13.6% during the first quarter. Kestra Advisory Services LLC now owns 56,426 shares of the company’s stock valued at $823,000 after purchasing an additional 6,756 shares in the last quarter. GM Advisory Group LLC purchased a new position in ZIM Integrated Shipping Services in the first quarter valued at about $292,000. Quantbot Technologies LP raised its holdings in ZIM Integrated Shipping Services by 16.1% in the first quarter. Quantbot Technologies LP now owns 584,733 shares of the company’s stock worth $8,531,000 after purchasing an additional 81,022 shares in the last quarter. Finally, Summit Securities Group LLC lifted its position in shares of ZIM Integrated Shipping Services by 59.2% during the first quarter. Summit Securities Group LLC now owns 19,900 shares of the company’s stock valued at $290,000 after buying an additional 7,400 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Up 6.5%

ZIM opened at $18.23 on Thursday. 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 stock’s fifty day moving average is $15.23 and its two-hundred day moving average is $18.83. The company has a market capitalization of $2.19 billion, a P/E ratio of 1.53, a PEG ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services has a 52 week low of $11.04 and a 52 week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. Analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were given a $3.17 dividend. This represents a $12.68 annualized dividend and a dividend yield of 69.56%. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio is presently 6.51%.

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.