Innovex International, Inc. $INVX Shares Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. lifted its holdings in Innovex International, Inc. (NYSE:INVX) by 35.8% during the first quarter, Holdings Channel reports. The institutional investor owned 407,332 shares of the company’s stock after purchasing an additional 107,332 shares during the quarter. Heartland Advisors Inc.’s holdings in Innovex International were worth $9,935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC acquired a new stake in Innovex International in the first quarter valued at $269,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 period. Caxton Associates LLP acquired a new position in shares of Innovex International during the 1st quarter worth $270,000. Empowered Funds LLC grew its stake in shares of Innovex International by 8.2% during the 1st quarter. Empowered Funds LLC now owns 58,131 shares of the company’s stock worth $1,044,000 after purchasing an additional 4,386 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 purchasing an additional 10,401 shares in the last quarter.

Innovex International Stock Up 0.2%

INVX opened at $25.75 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.38 and a current ratio of 5.10. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 34.34 and a beta of 0.83. Innovex International, Inc. has a one year low of $15.25 and a one year high of $32.25. The business’s fifty day moving average is $26.94 and its two-hundred day moving average is $25.89.

Insider Activity

In other news, insider Mark Reddout sold 10,750 shares of Innovex International 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 transaction, the insider owned 134,312 shares of the company’s stock, valued at $3,760,736. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 34.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

INVX has been the subject of several recent analyst reports. Weiss Ratings cut shares of Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Piper Sandler upped 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. 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 report on Friday, May 8th. Wall Street Zen upgraded shares of Innovex International from a “hold” rating to a “buy” rating in a research report on Monday, June 22nd. Finally, Citigroup assumed coverage on shares of Innovex International in a research report on Thursday, May 7th. They set a “buy” rating and a $35.00 price target 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 assigned a Hold rating to the stock. According to MarketBeat.com, Innovex International currently 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.