ZIM Integrated Shipping Services Target of Unusually Large Options Trading (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw unusually large options trading on Friday. Investors purchased 116,150 call options on the stock. This represents an increase of 267% compared to the average daily volume of 31,688 call options.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZIM. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Jefferies Financial Group restated a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Barclays lowered their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a report on Monday, March 17th. Finally, Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Five 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.54.

ZIM Integrated Shipping Services Stock Down 0.8 %

NYSE:ZIM opened at $17.82 on Friday. 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 $2.15 billion, a PE ratio of 1.49, a PEG ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services has a 52-week low of $9.47 and a 52-week high of $30.15. The stock has a 50-day simple moving average of $18.86 and a 200 day simple moving average of $20.56.

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 analysts’ consensus estimates of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. On average, sell-side analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a yield of 71.16%. ZIM Integrated Shipping Services’s dividend payout ratio is 6.51%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $45,000. Mackenzie Financial Corp acquired a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $559,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in ZIM Integrated Shipping Services by 31.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,186 shares of the company’s stock valued at $6,101,000 after purchasing an additional 68,708 shares during the last quarter. Tidal Investments LLC boosted its position in ZIM Integrated Shipping Services by 19.0% during the fourth quarter. Tidal Investments LLC now owns 81,539 shares of the company’s stock valued at $1,751,000 after purchasing an additional 13,009 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $14,324,000. 21.42% of the stock is owned by institutional investors and hedge funds.

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.