Innovex International, Inc. $INVX Shares Bought by Strs Ohio

Strs Ohio grew its stake in Innovex International, Inc. (NYSE:INVX) by 1,265.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,300 shares of the company’s stock after acquiring an additional 25,300 shares during the quarter. Strs Ohio’s holdings in Innovex International were worth $666,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in Innovex International during the 1st quarter worth about $269,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Innovex International by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company’s stock worth $379,000 after purchasing an additional 1,467 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Innovex International during the first quarter worth about $270,000. Empowered Funds LLC grew its holdings in shares of Innovex International by 8.2% during the first quarter. Empowered Funds LLC now owns 58,131 shares of the company’s stock worth $1,044,000 after buying an additional 4,386 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Innovex International by 11.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,225 shares of the company’s stock worth $1,764,000 after buying an additional 10,401 shares in the last quarter.

Insider Transactions at Innovex International

In other news, insider Mark Reddout sold 10,750 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $28.00, for a total value 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 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 at this hyperlink. 34.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Innovex International in a research note on Thursday, May 7th. They set a “buy” rating and a $35.00 price objective on the stock. Barclays boosted their price target on Innovex International from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Zacks Research raised Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Piper Sandler raised their price objective on Innovex International from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised Innovex International from a “hold” rating to a “buy” rating in a research report on Monday, June 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $32.25.

Innovex International Stock Up 4.4%

Shares of NYSE:INVX opened at $25.11 on Thursday. The stock has a 50-day simple moving average of $27.18 and a 200-day simple moving average of $25.74. The stock has a market capitalization of $1.73 billion, a P/E ratio of 33.48 and a beta of 0.83. Innovex International, Inc. has a 1 year low of $14.65 and a 1 year high of $32.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.38 and a current ratio of 5.10.

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.