Pacer Advisors Inc. Sells 126,731 Shares of Innovex International, Inc. $INVX

Pacer Advisors Inc. cut its position in Innovex International, Inc. (NYSE:INVX) by 32.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 261,792 shares of the company’s stock after selling 126,731 shares during the period. Pacer Advisors Inc. owned approximately 0.38% of Innovex International worth $5,725,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of Innovex International during the first quarter valued at approximately $269,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Innovex International by 7.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company’s stock worth $379,000 after acquiring an additional 1,467 shares during the last quarter. Caxton Associates LLP purchased a new position in Innovex International in the 1st quarter worth approximately $270,000. Empowered Funds LLC raised its holdings in Innovex International by 8.2% in the 1st quarter. Empowered Funds LLC now owns 58,131 shares of the company’s stock worth $1,044,000 after acquiring an additional 4,386 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Innovex International by 11.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,225 shares of the company’s stock valued at $1,764,000 after acquiring an additional 10,401 shares in the last quarter.

Insider Buying and Selling

In related news, insider Mark Reddout sold 10,750 shares of the company’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 in the company, valued at approximately $3,760,736. This 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 can be accessed through the SEC website. Company insiders own 34.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on INVX shares. Piper Sandler lifted their target price on Innovex International from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Zacks Research raised Innovex International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Jefferies Financial Group raised Innovex International to a “strong-buy” rating in a research report on Friday, June 12th. Wall Street Zen upgraded Innovex International from a “hold” rating to a “buy” rating in a report on Monday. Finally, Citigroup began coverage on Innovex International in a research report on Thursday, May 7th. They issued a “buy” rating and a $35.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $32.25.

Innovex International Price Performance

NYSE INVX opened at $25.64 on Tuesday. The business’s fifty day moving average price is $27.64 and its 200-day moving average price is $25.57. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 34.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.10 and a quick ratio of 3.38. Innovex International, Inc. has a 1-year low of $14.65 and a 1-year high of $32.25.

About Innovex International

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.