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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) was the target of unusually large options trading on Friday. Stock traders acquired 49,584 call options on the stock. This is an increase of 72% compared to the typical volume of 28,798 call options.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM traded up $0.95 on Friday, hitting $17.52. The company's stock had a trading volume of 10,372,409 shares, compared to its average volume of 6,061,482. The company has a market capitalization 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 debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The company has a 50 day moving average price of $15.72 and a 200 day moving average price of $17.81. ZIM Integrated Shipping Services has a fifty-two week low of $11.04 and a fifty-two week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share 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 the consensus estimate 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 quarter in the prior year, the business posted $0.75 EPS. On average, research analysts anticipate that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.74 per share. This represents a yield of 16.96%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services's payout ratio is presently 4.76%.

Institutional Trading of ZIM Integrated Shipping Services

Several hedge funds have recently added to or reduced their stakes in ZIM. Bayforest Capital Ltd raised its stake in shares of ZIM Integrated Shipping Services by 134.1% in the 1st quarter. Bayforest Capital Ltd now owns 15,011 shares of the company's stock valued at $219,000 after purchasing an additional 8,599 shares during the period. Goldman Sachs Group Inc. grew its holdings in ZIM Integrated Shipping Services by 20.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company's stock worth $68,879,000 after purchasing an additional 788,514 shares during the period. NewEdge Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services during the first quarter worth approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of ZIM Integrated Shipping Services during the first quarter worth approximately $8,112,000. Finally, Royal Bank of Canada boosted its stake in shares of ZIM Integrated Shipping Services by 8.2% in the first quarter. Royal Bank of Canada now owns 40,827 shares of the company's stock valued at $596,000 after buying an additional 3,102 shares during the period. Institutional investors and hedge funds own 21.42% of the company's stock.

Analyst Upgrades and Downgrades

ZIM has been the subject of several recent analyst reports. Barclays raised their target price on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the stock an "underweight" rating in a research report on Wednesday, May 28th. Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price on the stock. in a report on Tuesday, May 20th. Jefferies Financial Group lifted their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Bank of America dropped their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of "Reduce" and a consensus price target of $14.70.

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.