Innovex International, Inc. $INVX Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 94.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,285 shares of the company’s stock after selling 21,611 shares during the quarter. Sterling Capital Management LLC’s holdings in Innovex International were worth $31,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Covestor Ltd boosted its holdings in Innovex International by 77.7% during the fourth quarter. Covestor Ltd now owns 3,284 shares of the company’s stock valued at $72,000 after acquiring an additional 1,436 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 valued at $379,000 after buying an additional 1,467 shares during the last quarter. &PARTNERS raised its position in Innovex International by 7.0% during the 4th quarter. &PARTNERS now owns 24,220 shares of the company’s stock worth $530,000 after purchasing an additional 1,587 shares during the last quarter. Legal & General Group Plc grew its position in shares of Innovex International by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 105,967 shares of the company’s stock valued at $1,965,000 after buying an additional 1,681 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Innovex International by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,021 shares of the company’s stock worth $482,000 after buying an additional 1,688 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INVX. Jefferies Financial Group raised Innovex International to a “strong-buy” rating in a research note on Friday, June 12th. Citigroup started coverage on Innovex International in a report on Thursday, May 7th. They issued a “buy” rating and a $35.00 target price for the company. Piper Sandler boosted their target price on shares of Innovex International from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Zacks Research upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Finally, Wall Street Zen raised shares of Innovex International from a “hold” rating to a “buy” rating in a research note on Monday, June 22nd. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $32.25.

Innovex International Price Performance

Shares of INVX traded up $0.35 during trading hours on Friday, reaching $25.41. 208,071 shares of the company traded hands, compared to its average volume of 459,124. The stock has a market capitalization of $1.75 billion, a PE ratio of 33.89 and a beta of 0.83. The stock has a fifty day simple moving average of $27.06 and a 200 day simple moving average of $25.76. Innovex International, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $32.25. The company has a quick ratio of 3.38, a current ratio of 5.10 and a debt-to-equity ratio of 0.02.

Insider Activity

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

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.