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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the target of some unusual options trading on Monday. Stock traders acquired 35,598 call options on the stock. This represents an increase of approximately 33% compared to the average volume of 26,860 call options.

ZIM Integrated Shipping Services Stock Up 10.3 %

Shares of NYSE:ZIM traded up $1.76 during trading on Monday, hitting $18.79. 5,420,593 shares of the company were exchanged, compared to its average volume of 6,257,699. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -0.87, a P/E/G ratio of 0.13 and a beta of 1.85. ZIM Integrated Shipping Services has a fifty-two week low of $6.39 and a fifty-two week high of $23.82. The firm has a fifty day moving average price of $19.82 and a two-hundred day moving average price of $14.99. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 1.49.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.34). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. As a group, research analysts anticipate that ZIM Integrated Shipping Services will post 4.08 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 4th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Tuesday, June 4th. ZIM Integrated Shipping Services’s payout ratio is presently -4.35%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ZIM. Tower Research Capital LLC TRC increased its holdings in shares of ZIM Integrated Shipping Services by 92.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock worth $33,000 after acquiring an additional 1,601 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 604.3% during the 4th quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock worth $45,000 after acquiring an additional 3,686 shares during the last quarter. Citigroup Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 77.1% during the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock worth $56,000 after acquiring an additional 2,352 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $58,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of ZIM Integrated Shipping Services by 1,431.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after acquiring an additional 5,667 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZIM has been the topic of several recent analyst reports. Citigroup cut ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $11.60 to $13.00 in a report on Thursday, June 6th. Jefferies Financial Group restated a “buy” rating and issued a $20.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, May 22nd. Finally, Barclays boosted 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 analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Hold” and an average price target of $12.01.

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.