Innovex International, Inc. $INVX Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC lowered its position in shares of Innovex International, Inc. (NYSE:INVX) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,540 shares of the company’s stock after selling 23,761 shares during the quarter. Bridge City Capital LLC owned approximately 0.25% of Innovex International worth $3,708,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in INVX. Smartleaf Asset Management LLC raised its holdings in shares of Innovex International by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock valued at $40,000 after acquiring an additional 511 shares during the last quarter. Strs Ohio purchased a new stake in shares of Innovex International in the fourth quarter valued at approximately $44,000. Tower Research Capital LLC TRC grew its position in shares of Innovex International by 418.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,523 shares of the company’s stock valued at $55,000 after purchasing an additional 2,843 shares in the last quarter. Covestor Ltd grew its position in shares of Innovex International by 77.7% in the fourth quarter. Covestor Ltd now owns 3,284 shares of the company’s stock valued at $72,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Innovex International in the fourth quarter valued at approximately $103,000.

Insider Transactions at Innovex International

In other Innovex International news, insider Mark Reddout sold 10,750 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $28.00, for a total transaction of $301,000.00. Following the completion of the sale, the insider owned 134,312 shares of the company’s stock, valued at $3,760,736. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 34.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on Innovex International from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Piper Sandler upped their price target on Innovex International from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Jefferies Financial Group upgraded Innovex International to a “strong-buy” rating in a research report on Friday. Zacks Research upgraded Innovex International from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wall Street Zen lowered Innovex International from a “buy” rating to a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.25.

Innovex International Price Performance

INVX stock opened at $29.50 on Friday. The business has a fifty day moving average of $27.51 and a two-hundred day moving average of $25.39. The company has a quick ratio of 3.38, a current ratio of 5.10 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 39.33 and a beta of 0.82. Innovex International, Inc. has a 52-week low of $14.65 and a 52-week high of $32.25.

Innovex International Company Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.