Innovex International, Inc. $INVX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Innovex International, Inc. (NYSE:INVX) by 71.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,170 shares of the company’s stock after selling 415,625 shares during the quarter. SG Americas Securities LLC owned about 0.24% of Innovex International worth $4,028,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INVX. Evolve Private Wealth LLC lifted its position in Innovex International by 6.4% during the 1st quarter. Evolve Private Wealth LLC now owns 28,647 shares of the company’s stock worth $699,000 after acquiring an additional 1,732 shares during the period. Dean Capital Management increased its holdings in shares of Innovex International by 2.7% in the fourth quarter. Dean Capital Management now owns 143,490 shares of the company’s stock valued at $3,138,000 after purchasing an additional 3,834 shares during the period. Invesco Ltd. increased its holdings in shares of Innovex International by 8.8% in the fourth quarter. Invesco Ltd. now owns 374,633 shares of the company’s stock valued at $8,193,000 after purchasing an additional 30,451 shares during the period. XTX Topco Ltd purchased a new stake in shares of Innovex International during the fourth quarter worth approximately $294,000. Finally, Millennium Management LLC purchased a new stake in shares of Innovex International during the fourth quarter worth approximately $600,000.

Innovex International Stock Down 3.2%

Innovex International stock opened at $24.62 on Tuesday. The stock’s 50 day moving average price is $27.56 and its 200 day moving average price is $25.64. Innovex International, Inc. has a 1-year low of $14.65 and a 1-year high of $32.25. The company has a market cap of $1.69 billion, a PE ratio of 32.83 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.

Insider Activity at Innovex International

In other news, insider Mark Reddout sold 10,750 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $28.00, for a total transaction of $301,000.00. Following the transaction, the insider directly owned 134,312 shares of the company’s stock, valued at $3,760,736. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 34.90% of the company’s stock.

Analyst Ratings Changes

INVX has been the topic of a number of analyst reports. Jefferies Financial Group upgraded shares of Innovex International to a “strong-buy” rating in a research report on Friday, June 12th. Weiss Ratings downgraded shares of Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Piper Sandler raised their target price on shares of Innovex International from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Citigroup initiated coverage on shares of Innovex International in a report on Thursday, May 7th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Zacks Research upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $32.25.

Innovex International 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.