Boston Partners Takes $1.40 Million Position in International Seaways, Inc. (NYSE:INSW)

Boston Partners bought a new stake in shares of International Seaways, Inc. (NYSE:INSW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 30,676 shares of the transportation company's stock, valued at approximately $1,396,000. Boston Partners owned 0.06% of International Seaways as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of INSW. Vanguard Group Inc. boosted its position in shares of International Seaways by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,581,058 shares of the transportation company's stock valued at $161,148,000 after acquiring an additional 181,287 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of International Seaways by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,198,419 shares of the transportation company's stock valued at $145,464,000 after purchasing an additional 122,642 shares during the period. Donald Smith & CO. Inc. increased its stake in shares of International Seaways by 24.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,613,803 shares of the transportation company's stock valued at $73,396,000 after acquiring an additional 318,962 shares during the last quarter. Hosking Partners LLP grew its holdings in shares of International Seaways by 20.1% in the 3rd quarter. Hosking Partners LLP now owns 964,530 shares of the transportation company's stock valued at $43,404,000 after buying an additional 161,643 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of International Seaways by 38.1% in the third quarter. American Century Companies Inc. now owns 423,943 shares of the transportation company's stock worth $19,077,000 after acquiring an additional 116,923 shares in the last quarter. Institutional investors own 67.29% of the company's stock.

International Seaways Price Performance

Shares of INSW traded down $0.19 during midday trading on Friday, hitting $63.31. The company's stock had a trading volume of 305,725 shares, compared to its average volume of 695,757. The company has a quick ratio of 2.72, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. International Seaways, Inc. has a one year low of $34.77 and a one year high of $63.80. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 5.92 and a beta of -0.05. The company's fifty day simple moving average is $54.85 and its two-hundred day simple moving average is $51.14.

International Seaways (NYSE:INSW - Get Free Report) last issued its earnings results on Wednesday, May 8th. The transportation company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.38 by $0.54. International Seaways had a return on equity of 29.74% and a net margin of 49.88%. The firm had revenue of $274.40 million during the quarter, compared to the consensus estimate of $249.12 million. During the same quarter in the previous year, the firm earned $3.30 earnings per share. The business's quarterly revenue was down 4.4% on a year-over-year basis. As a group, equities analysts expect that International Seaways, Inc. will post 10.07 earnings per share for the current fiscal year.

International Seaways Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be given a $1.75 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $7.00 dividend on an annualized basis and a yield of 11.06%. This is a positive change from International Seaways's previous quarterly dividend of $1.20. International Seaways's dividend payout ratio (DPR) is currently 4.49%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on International Seaways from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, May 9th. Jefferies Financial Group restated a "buy" rating and issued a $66.00 price target on shares of International Seaways in a research note on Thursday, February 29th. StockNews.com upgraded International Seaways from a "hold" rating to a "buy" rating in a research note on Thursday, May 9th. Finally, Stifel Nicolaus lifted their price target on shares of International Seaways from $64.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, May 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, International Seaways presently has a consensus rating of "Buy" and a consensus price target of $63.25.

Insider Buying and Selling at International Seaways

In other International Seaways news, CFO Jeffrey Pribor sold 1,000 shares of the company's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $53.09, for a total value of $53,090.00. Following the completion of the transaction, the chief financial officer now owns 82,161 shares of the company's stock, valued at approximately $4,361,927.49. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Jeffrey Pribor sold 1,000 shares of International Seaways stock in a transaction on Friday, March 1st. The shares were sold at an average price of $53.09, for a total transaction of $53,090.00. Following the transaction, the chief financial officer now owns 82,161 shares in the company, valued at $4,361,927.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Adewale Oshodi sold 6,212 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $62.06, for a total value of $385,516.72. Following the completion of the sale, the vice president now owns 6,326 shares of the company's stock, valued at $392,591.56. The disclosure for this sale can be found here. Insiders have sold 76,693 shares of company stock worth $4,183,455 over the last quarter. Corporate insiders own 2.00% of the company's stock.

International Seaways Profile

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.