Arrowstreet Capital Limited Partnership acquired a new stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 235,165 shares of the company's stock, valued at approximately $5,736,000. Arrowstreet Capital Limited Partnership owned about 0.34% of Innovex International as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in INVX. Cetera Investment Advisers boosted its holdings in shares of Innovex International by 7.8% in the 1st quarter. Cetera Investment Advisers now owns 11,905 shares of the company's stock worth $290,000 after purchasing an additional 865 shares during the period. Lesa Sroufe & Co lifted its position in Innovex International by 1.0% in the first quarter. Lesa Sroufe & Co now owns 122,788 shares of the company's stock worth $2,995,000 after buying an additional 1,253 shares during the last quarter. Swiss National Bank lifted its position in Innovex International by 1.8% in the first quarter. Swiss National Bank now owns 74,900 shares of the company's stock worth $1,827,000 after buying an additional 1,300 shares during the last quarter. Covestor Ltd boosted its stake in Innovex International by 77.7% during the fourth quarter. Covestor Ltd now owns 3,284 shares of the company's stock worth $72,000 after buying an additional 1,436 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Innovex International by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company's stock worth $379,000 after buying an additional 1,467 shares during the period.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Innovex International from $24.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, May 8th. Piper Sandler lifted their price target 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 started coverage on shares of Innovex International in a report on Thursday, May 7th. They set a "buy" rating and a $35.00 price target on the stock. Wall Street Zen lowered shares of Innovex International from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Jefferies Financial Group raised shares of Innovex International to a "strong-buy" rating in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Innovex International presently has an average rating of "Moderate Buy" and a consensus target price of $32.25.
Read Our Latest Report on INVX
Insider Activity at Innovex International
In other news, insider Mark Reddout sold 10,750 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $28.00, for a total value of $301,000.00. Following the transaction, the insider directly 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 34.90% of the company's stock.
Innovex International Stock Up 0.3%
NYSE:INVX opened at $28.16 on Monday. Innovex International, Inc. has a twelve month low of $15.54 and a twelve month high of $32.25. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 37.54 and a beta of 0.83. The stock has a fifty day simple moving average of $26.43 and a 200-day simple moving average of $26.17. The company has a current ratio of 5.10, a quick ratio of 3.38 and a debt-to-equity ratio of 0.02.
About Innovex International
(
Free Report)
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.
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