Traders Purchase High Volume of ZIM Integrated Shipping Services Call Options (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the target of some unusual options trading activity on Friday. Investors acquired 49,584 call options on the company. This represents an increase of 72% compared to the typical daily volume of 28,798 call options.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ZIM shares. Jefferies Financial Group lifted their price target on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday, May 20th. Bank of America reduced their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a report on Friday, April 11th. Barclays increased their price target on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the stock an “underweight” rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their price target on 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. Finally, Clarkson Capital lowered ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 20th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, ZIM Integrated Shipping Services has an average rating of “Reduce” and a consensus price target of $14.70.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $17.52 on Friday. The company has a fifty day moving average price of $15.72 and a 200 day moving average price of $17.81. The firm has a market cap of $2.11 billion, a PE ratio of 1.47, a PEG ratio of 0.27 and a beta of 1.83. 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 1-year low of $11.04 and a 1-year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. During the same period in the previous year, the company posted $0.75 earnings per share. Research analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, June 3rd were paid a $0.74 dividend. This represents a yield of 16.96%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services’s payout ratio is 4.76%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of ZIM Integrated Shipping Services by 50.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company’s stock valued at $122,951,000 after purchasing an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in ZIM Integrated Shipping Services by 33.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company’s stock valued at $81,250,000 after purchasing an additional 940,587 shares in the last quarter. Nuveen LLC acquired a new stake in ZIM Integrated Shipping Services in the 1st quarter valued at $12,322,000. Goldman Sachs Group Inc. lifted its position in ZIM Integrated Shipping Services by 20.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after buying an additional 788,514 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in ZIM Integrated Shipping Services during the 4th quarter worth about $16,381,000. 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.