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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the target of some unusual options trading on Friday. Stock traders acquired 116,150 call options on the company. This represents an increase of approximately 267% compared to the average daily volume of 31,688 call options.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently bought and sold shares of ZIM. Renaissance Technologies LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 50.0% during the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company’s stock worth $122,951,000 after purchasing an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ZIM Integrated Shipping Services by 33.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company’s stock worth $81,250,000 after purchasing an additional 940,587 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of ZIM Integrated Shipping Services by 6.9% during the 4th quarter. Marshall Wace LLP now owns 1,936,666 shares of the company’s stock worth $41,580,000 after purchasing an additional 124,558 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of ZIM Integrated Shipping Services by 39.5% during the 4th quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock worth $29,823,000 after purchasing an additional 393,215 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZIM has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Friday, March 7th. Barclays cut their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a research note on Monday, March 17th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five equities research 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.54.

ZIM Integrated Shipping Services Trading Down 0.8 %

ZIM stock opened at $17.82 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a 12-month low of $9.47 and a 12-month high of $30.15. The stock 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 business’s 50-day moving average is $18.86 and its 200 day moving average is $20.58.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, sell-side analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be issued a $3.17 dividend. This represents a $12.68 annualized dividend and a yield of 71.16%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. ZIM Integrated Shipping Services’s 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.