Dean Capital Management Sells 51,559 Shares of Innovex International, Inc. $INVX

Dean Capital Management decreased its holdings in Innovex International, Inc. (NYSE:INVX) by 35.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 91,931 shares of the company’s stock after selling 51,559 shares during the quarter. Dean Capital Management’s holdings in Innovex International were worth $2,242,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Innovex International by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,646,376 shares of the company’s stock worth $64,544,000 after purchasing an additional 335,839 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Innovex International by 52.4% during the third quarter. Wellington Management Group LLP now owns 2,434,808 shares of the company’s stock valued at $45,141,000 after buying an additional 837,027 shares during the last quarter. State Street Corp grew its holdings in Innovex International by 0.7% during the fourth quarter. State Street Corp now owns 1,601,149 shares of the company’s stock worth $35,017,000 after buying an additional 11,160 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Innovex International by 2.6% during the fourth quarter. MetLife Investment Management LLC now owns 828,757 shares of the company’s stock worth $18,125,000 after buying an additional 20,873 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Innovex International during the fourth quarter worth $12,702,000.

Wall Street Analysts Forecast Growth

INVX has been the topic of several recent analyst reports. Wall Street Zen upgraded Innovex International from a “hold” rating to a “buy” rating in a research note on Monday, June 22nd. Piper Sandler increased their target price on shares of Innovex International from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Citigroup began 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 on the stock. Barclays boosted their price target on shares of Innovex International from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Zacks Research downgraded shares of Innovex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Innovex International presently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Innovex International Stock Performance

Shares of INVX opened at $26.83 on Monday. The stock has a 50 day moving average of $26.84 and a 200 day moving average of $26.05. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 35.77 and a beta of 0.83. Innovex International, Inc. has a 12 month low of $15.54 and a 12 month high of $32.25. The company has a current ratio of 5.10, a quick ratio of 3.38 and a debt-to-equity ratio of 0.02.

Insider Transactions at Innovex International

In other 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 sale, the insider directly owned 134,312 shares of the company’s stock, valued at $3,760,736. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 34.90% of the stock is owned by company 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.