International Seaways Inc. $INSW Stock Position Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in International Seaways Inc. (NYSE:INSW) by 115.3% in the 3rd quarter, Holdings Channel reports. The firm owned 47,373 shares of the transportation company’s stock after buying an additional 25,369 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in International Seaways were worth $5,218,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Baird Financial Group Inc. increased its position in International Seaways by 5.0% during the second quarter. Baird Financial Group Inc. now owns 248,506 shares of the transportation company’s stock worth $19,033,000 after buying an additional 11,835 shares during the period. NewEdge Wealth LLC lifted its stake in International Seaways by 43.1% in the first quarter. NewEdge Wealth LLC now owns 24,942 shares of the transportation company’s stock valued at $1,818,000 after buying an additional 7,511 shares during the last quarter. Man Group plc acquired a new stake in shares of International Seaways in the second quarter valued at approximately $867,000. Two Sigma Securities LLC acquired a new stake in shares of International Seaways in the second quarter valued at approximately $507,000. Finally, Energy Income Partners LLC acquired a new stake in shares of International Seaways in the second quarter valued at approximately $4,161,000. 67.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other International Seaways news, CEO Lois K. Zabrocky sold 2,000 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $114.23, for a total transaction of $228,460.00. Following the completion of the transaction, the chief executive officer owned 169,745 shares in the company, valued at approximately $19,389,971.35. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Finance Ltd Famatown sold 102,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $111.82, for a total transaction of $11,405,640.00. Following the transaction, the insider owned 6,932,458 shares of the company’s stock, valued at approximately $775,187,453.56. The trade was a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 451,290 shares of company stock worth $51,351,266. 1.70% of the stock is currently owned by insiders.

International Seaways Stock Up 2.3%

International Seaways stock opened at $110.93 on Friday. The stock has a 50 day moving average of $107.22 and a two-hundred day moving average of $92.29. International Seaways Inc. has a twelve month low of $46.09 and a twelve month high of $126.27. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.29 and a beta of -0.14. The company has a current ratio of 5.94, a quick ratio of 5.76 and a debt-to-equity ratio of 0.27.

International Seaways (NYSE:INSW) last released its earnings results on Monday, August 10th. The transportation company reported $5.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.36. The business had revenue of $467.29 million for the quarter, compared to analyst estimates of $406.38 million. International Seaways had a return on equity of 31.75% and a net margin of 61.98%. The company’s revenue for the quarter was up 138.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 earnings per share. As a group, research analysts expect that International Seaways Inc. will post 17.47 earnings per share for the current year.

International Seaways Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a dividend of $5.05 per share. This is a boost from International Seaways’s previous quarterly dividend of $0.12. This represents a $20.20 annualized dividend and a dividend yield of 18.2%. The ex-dividend date of this dividend was Thursday, September 10th. International Seaways’s dividend payout ratio is 129.16%.

Analysts Set New Price Targets

INSW has been the topic of a number of research reports. Wall Street Zen lowered shares of International Seaways from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. B. Riley Financial increased their price target on shares of International Seaways from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Jefferies Financial Group raised their price objective on shares of International Seaways from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $107.00 price objective on shares of International Seaways in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $109.80.

International Seaways Profile

International Seaways, Inc (NYSE: INSW) is a maritime transportation company that owns and operates oceangoing tankers. Its vessels transport crude oil, refined petroleum products and other energy-related cargoes for oil companies, commodity traders, refiners and other customers in international markets.

The company’s fleet includes large crude carriers and product tankers serving a range of transportation needs. International Seaways operates vessels on the global waterborne energy transportation network, with routes connecting major oil-producing regions, refining centers and consuming markets.

International Seaways was established as an independent public company in 2016 following its spin-off from Overseas Shipholding Group.