Dimensional Fund Advisors LP boosted its position in shares of International Seaways Inc. (NYSE:INSW – Free Report) by 1.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,903,764 shares of the transportation company’s stock after acquiring an additional 42,051 shares during the quarter. Dimensional Fund Advisors LP owned about 5.88% of International Seaways worth $133,807,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of International Seaways by 42.0% during the first quarter. Royal Bank of Canada now owns 9,365 shares of the transportation company’s stock worth $311,000 after purchasing an additional 2,768 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in International Seaways by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,089 shares of the transportation company’s stock valued at $800,000 after buying an additional 900 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in International Seaways by 16.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 128,428 shares of the transportation company’s stock worth $4,264,000 after buying an additional 18,509 shares during the period. Envestnet Asset Management Inc. raised its position in International Seaways by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 156,745 shares of the transportation company’s stock worth $5,718,000 after buying an additional 11,301 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in International Seaways by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 319,280 shares of the transportation company’s stock worth $11,647,000 after buying an additional 4,902 shares during the last quarter. 67.29% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently commented on INSW. Wall Street Zen raised shares of International Seaways from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. BTIG Research boosted their target price on shares of International Seaways from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft increased their price target on International Seaways from $63.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Seaways in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $68.00.
Insider Transactions at International Seaways
In other International Seaways news, CAO James D. Small III sold 20,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $75.37, for a total transaction of $1,507,400.00. Following the transaction, the chief accounting officer directly owned 36,376 shares of the company’s stock, valued at $2,741,659.12. This trade represents a 35.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexandra Kate Blankenship sold 5,000 shares of International Seaways stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $74.88, for a total transaction of $374,400.00. Following the completion of the sale, the director owned 10,213 shares in the company, valued at approximately $764,749.44. This trade represents a 32.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 60,697 shares of company stock worth $4,402,750 in the last ninety days. Company insiders own 2.00% of the company’s stock.
More International Seaways News
Here are the key news stories impacting International Seaways this week:
- Positive Sentiment: Earnings estimates are being revised up, which supports the company’s outlook and could underpin further upside if momentum continues. Earnings Estimates Moving Higher for INSW
- Positive Sentiment: Major dealers raised targets and ratings recently (Deutsche Bank boosted its price target to $80 and other firms upgraded/raised targets), providing analyst support for the stock. Deutsche Bank Increases INSW Price Target
- Positive Sentiment: Institutional buying and larger hedge‑fund positions have increased over recent quarters, which can stabilize shares and provide longer‑term demand. MarketBeat INSW Summary
- Neutral Sentiment: The company declared a small quarterly dividend ($0.12 per share, annualized $0.48), a limited yield that’s unlikely to materially move the stock but adds a modest cash return. Dividend & Company Details
- Negative Sentiment: Several insiders and directors sold meaningful stakes this week (including sales by Director Alexandra Blankenship and Director Randee E. Day), which often signals management profit‑taking and can pressure the stock short term. Blankenship Form 4 Day Form 4
- Negative Sentiment: Treasurer Debra Grillo sold 389 shares (disclosed in a Form 4), a smaller but visible insider reduction that reinforces the near‑term selling narrative. InsiderTrades: Grillo Sale
International Seaways Trading Down 4.1%
INSW stock opened at $70.35 on Thursday. International Seaways Inc. has a 52-week low of $27.20 and a 52-week high of $78.51. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3.48 billion, a P/E ratio of 11.29 and a beta of -0.23. The company’s 50-day simple moving average is $61.88 and its 200-day simple moving average is $53.31.
International Seaways (NYSE:INSW – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The transportation company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.70. The firm had revenue of $267.88 million during the quarter, compared to analyst estimates of $245.29 million. International Seaways had a return on equity of 13.92% and a net margin of 36.67%.International Seaways’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. As a group, equities analysts forecast that International Seaways Inc. will post 7.77 EPS for the current fiscal year.
International Seaways Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 20th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. International Seaways’s dividend payout ratio (DPR) is currently 7.70%.
International Seaways Company Profile
International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time charter and voyage charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.
Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.
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