Traders Purchase Large Volume of Call Options on ZIM Integrated Shipping Services (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the target of some unusual options trading activity on Tuesday. Stock traders bought 42,334 call options on the stock. This is an increase of 38% compared to the average volume of 30,755 call options.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group lowered their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. Finally, Barclays cut their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.04.

ZIM Integrated Shipping Services Stock Down 4.6 %

Shares of NYSE ZIM opened at $19.83 on Thursday. The company has a market capitalization of $2.39 billion, a P/E ratio of 1.66, a P/E/G ratio of 0.23 and a beta of 1.74. ZIM Integrated Shipping Services has a 1 year low of $9.08 and a 1 year high of $30.15. 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 simple moving average of $19.25 and a 200-day simple moving average of $20.50.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $2.81 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a dividend yield of 56.68%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently bought and sold shares of ZIM. Truist Financial Corp acquired a new stake in shares of ZIM Integrated Shipping Services during the second quarter valued at about $417,000. Valeo Financial Advisors LLC acquired a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $385,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ZIM Integrated Shipping Services in the third quarter valued at approximately $31,000. nVerses Capital LLC lifted its stake in ZIM Integrated Shipping Services by 50.0% during the third quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $246,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of ZIM Integrated Shipping Services by 106.5% during the third quarter. Blue Trust Inc. now owns 19,785 shares of the company’s stock worth $508,000 after buying an additional 10,202 shares during the period. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

About ZIM Integrated Shipping Services

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.