ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) saw some unusual options trading activity on Thursday. Traders purchased 27,228 call options on the company. This represents an increase of approximately 42% compared to the typical volume of 19,154 call options.
Hedge Funds Weigh In On ZIM Integrated Shipping Services
Several hedge funds have recently added to or reduced their stakes in ZIM. CWM LLC lifted its stake in ZIM Integrated Shipping Services by 1,299.1% in the fourth quarter. CWM LLC now owns 1,553 shares of the company's stock valued at $27,000 after buying an additional 1,442 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in ZIM Integrated Shipping Services in the second quarter valued at about $28,000. Exchange Traded Concepts LLC lifted 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 buying an additional 676 shares during the period. FNY Investment Advisers LLC acquired a new position in ZIM Integrated Shipping Services in the third quarter valued at about $35,000. Finally, Founders Capital Management raised its position in shares of ZIM Integrated Shipping Services by 525.0% during the fourth quarter. Founders Capital Management now owns 2,500 shares of the company's stock worth $43,000 after purchasing an additional 2,100 shares during the period. Institutional investors and hedge funds own 36.74% of the company's stock.
Get ZIM Integrated Shipping Services alerts:ZIM Integrated Shipping Services Price Performance
ZIM Integrated Shipping Services stock opened at $22.00 on Friday. The business's 50-day simple moving average is $18.37 and its 200 day simple moving average is $28.57. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 0.45 and a beta of 2.29. ZIM Integrated Shipping Services has a 12-month low of $16.23 and a 12-month high of $91.23. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.54.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last posted its quarterly earnings results on Wednesday, November 16th. The company reported $9.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.46 by $0.20. The business had revenue of $3.23 billion for the quarter, compared to analysts' expectations of $3.01 billion. ZIM Integrated Shipping Services had a return on equity of 118.65% and a net margin of 42.71%. As a group, research analysts anticipate that ZIM Integrated Shipping Services will post 37.1 earnings per share for the current year.ZIM Integrated Shipping Services Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Investors of record on Tuesday, November 29th were issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 53.64%. The ex-dividend date was Monday, November 28th. ZIM Integrated Shipping Services's dividend payout ratio is 24.04%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of ZIM Integrated Shipping Services from $27.00 to $21.00 and set a "hold" rating for the company in a research note on Tuesday, December 13th. Barclays lowered their price target on shares of ZIM Integrated Shipping Services from $63.00 to $26.50 and set an "equal weight" rating for the company in a report on Friday, November 18th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of "Hold" and a consensus target price of $34.16.
ZIM Integrated Shipping Services Company Profile
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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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