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

Sterling Capital Management LLC reduced its holdings in Innovex International, Inc. (NYSE:INVX) by 94.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,285 shares of the company’s stock after selling 21,611 shares during the period. Sterling Capital Management LLC’s holdings in Innovex International were worth $31,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INVX. Wellington Management Group LLP lifted its stake in Innovex International by 52.4% during the third quarter. Wellington Management Group LLP now owns 2,434,808 shares of the company’s stock worth $45,141,000 after purchasing an additional 837,027 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Innovex International by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,310,537 shares of the company’s stock worth $50,533,000 after acquiring an additional 157,265 shares in the last quarter. State Street Corp grew its position in shares of Innovex International by 0.7% during the 4th quarter. State Street Corp now owns 1,601,149 shares of the company’s stock worth $35,017,000 after purchasing an additional 11,160 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Innovex International by 2.6% in the fourth quarter. MetLife Investment Management LLC now owns 828,757 shares of the company’s stock valued at $18,125,000 after buying an additional 20,873 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Innovex International during the fourth quarter worth approximately $12,702,000.

Innovex International Price Performance

INVX stock traded up $0.35 during mid-day trading on Friday, reaching $25.41. The company’s stock had a trading volume of 208,071 shares, compared to its average volume of 459,124. The company’s 50 day moving average is $27.06 and its two-hundred day moving average is $25.76. The company has a current ratio of 5.10, a quick ratio of 3.38 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.75 billion, a PE ratio of 33.89 and a beta of 0.83. Innovex International, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $32.25.

Insider Transactions at Innovex International

In other Innovex International news, insider Mark Reddout sold 10,750 shares of the firm’s 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 approximately $3,760,736. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 34.90% of the company’s stock.

Analyst Ratings Changes

INVX has been the topic of several research reports. Wall Street Zen upgraded shares of Innovex International from a “hold” rating to a “buy” rating in a report on Monday, June 22nd. Jefferies Financial Group upgraded Innovex International to a “strong-buy” rating in a research report on Friday, June 12th. Citigroup initiated coverage on Innovex International in a research report on Thursday, May 7th. They issued a “buy” rating and a $35.00 price target on the stock. Zacks Research upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. Finally, Weiss Ratings downgraded Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $32.25.

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.