ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) was the recipient of some unusual options trading on Thursday. Stock investors purchased 27,228 call options on the stock. This represents an increase of approximately 42% compared to the average daily volume of 19,154 call options.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on ZIM Integrated Shipping Services from $63.00 to $26.50 and set an "equal weight" rating for the company in a research report on Friday, November 18th. Jefferies Financial Group dropped their price objective on ZIM Integrated Shipping Services from $27.00 to $21.00 and set a "hold" rating on the stock in a research note on Tuesday, December 13th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services currently has an average rating of "Hold" and an average price target of $34.16.
Get ZIM Integrated Shipping Services alerts:Institutional Trading of ZIM Integrated Shipping Services
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PDT Partners LLC raised its holdings in ZIM Integrated Shipping Services by 4.2% in the 1st quarter. PDT Partners LLC now owns 5,000 shares of the company's stock valued at $364,000 after acquiring an additional 200 shares in the last quarter. Equitable Holdings Inc. raised its position in shares of ZIM Integrated Shipping Services by 5.7% in the first quarter. Equitable Holdings Inc. now owns 7,166 shares of the company's stock worth $521,000 after buying an additional 385 shares in the last quarter. Sfmg LLC increased its stake in ZIM Integrated Shipping Services by 14.2% in the second quarter. Sfmg LLC now owns 4,495 shares of the company's stock valued at $212,000 after acquiring an additional 558 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in ZIM Integrated Shipping Services in the second quarter valued at $28,000. Finally, Exchange Traded Concepts LLC increased its stake in ZIM Integrated Shipping Services by 92.6% in the third quarter. Exchange Traded Concepts LLC now owns 1,406 shares of the company's stock valued at $33,000 after acquiring an additional 676 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company's stock.
ZIM Integrated Shipping Services Stock Performance
Shares of ZIM stock traded up $2.34 during trading hours on Thursday, hitting $22.73. The company's stock had a trading volume of 5,214,837 shares, compared to its average volume of 3,840,665. The company has a 50 day moving average of $18.44 and a 200 day moving average of $28.62. ZIM Integrated Shipping Services has a 12-month low of $16.23 and a 12-month high of $91.23. The stock has a market cap of $2.73 billion, a PE ratio of 0.45 and a beta of 2.29. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54.ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last released its quarterly earnings data on Wednesday, November 16th. The company reported $9.66 EPS for the quarter, topping the consensus estimate of $9.46 by $0.20. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.01 billion. ZIM Integrated Shipping Services had a net margin of 42.71% and a return on equity of 118.65%. On average, sell-side analysts forecast that ZIM Integrated Shipping Services will post 37.1 EPS for the current fiscal year.
ZIM Integrated Shipping Services Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Stockholders of record on Tuesday, November 29th were paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 51.91%. The ex-dividend date of this dividend was Monday, November 28th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 24.04%.
About ZIM Integrated Shipping Services
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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.
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