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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the recipient of unusually large options trading on Monday. Investors acquired 53,985 call options on the stock. This is an increase of 88% compared to the typical volume of 28,743 call options.

ZIM Integrated Shipping Services Trading Up 23.2 %

ZIM traded up $4.42 during mid-day trading on Monday, hitting $23.48. The stock had a trading volume of 18,418,709 shares, compared to its average volume of 6,070,912. The stock’s fifty day simple moving average is $19.28 and its 200-day simple moving average is $15.53. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -1.03, a price-to-earnings-growth ratio of 0.09 and a beta of 1.85. ZIM Integrated Shipping Services has a 1-year low of $6.39 and a 1-year high of $23.82. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.98 and a quick ratio of 0.90.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.34). ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. As a group, research analysts forecast that ZIM Integrated Shipping Services will post 6.26 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 4th were given a $0.23 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $0.92 annualized dividend and a dividend yield of 3.92%. ZIM Integrated Shipping Services’s dividend payout ratio is presently -4.35%.

Analysts Set New Price Targets

A number of research firms have commented on ZIM. Citigroup lowered shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $11.60 to $13.00 in a report on Thursday, June 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $22.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Monday. Finally, Barclays increased their target price on ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of “Hold” and an average price target of $12.41.

Institutional Trading of ZIM Integrated Shipping Services

A number of large investors have recently bought and sold shares of ZIM. Renaissance Technologies LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 479.9% in the second quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock valued at $58,429,000 after purchasing an additional 2,181,000 shares in the last quarter. Marshall Wace LLP lifted its stake in ZIM Integrated Shipping Services by 638.6% in the 2nd quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock valued at $53,148,000 after acquiring an additional 2,072,715 shares in the last quarter. American Century Companies Inc. lifted its stake in ZIM Integrated Shipping Services by 7.8% in the 2nd quarter. American Century Companies Inc. now owns 1,759,141 shares of the company’s stock valued at $39,000,000 after acquiring an additional 127,229 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter worth approximately $14,383,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of ZIM Integrated Shipping Services by 82.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,103 shares of the company’s stock worth $5,054,000 after acquiring an additional 231,955 shares in the last quarter. 21.42% of the stock is owned by institutional investors.

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.