Innovex International, Inc. (NYSE:INVX) Stock Holdings Lifted by Acuitas Investments LLC

Acuitas Investments LLC increased its stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 56.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 240,309 shares of the company's stock after purchasing an additional 86,382 shares during the period. Innovex International accounts for 2.8% of Acuitas Investments LLC's investment portfolio, making the stock its 10th largest position. Acuitas Investments LLC owned about 0.36% of Innovex International worth $3,357,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC bought a new position in Innovex International in the 3rd quarter valued at $874,000. JPMorgan Chase & Co. purchased a new stake in shares of Innovex International in the third quarter worth $2,261,000. Principal Financial Group Inc. bought a new stake in Innovex International during the third quarter valued at $2,383,000. Moody National Bank Trust Division purchased a new position in Innovex International during the fourth quarter worth about $234,000. Finally, Central Pacific Bank Trust Division bought a new position in Innovex International in the 4th quarter worth about $63,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on INVX shares. Barclays dropped their price target on Innovex International from $21.00 to $15.00 and set an "underweight" rating for the company in a research report on Tuesday, November 26th. Pickering Energy Partners upgraded shares of Innovex International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th.

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Insider Activity

In other Innovex International news, CFO Kendal Reed acquired 3,765 shares of the business's stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $13.28 per share, with a total value of $49,999.20. Following the purchase, the chief financial officer now owns 186,232 shares of the company's stock, valued at approximately $2,473,160.96. This trade represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.10% of the company's stock.

Innovex International Price Performance

NYSE INVX traded down $0.38 during trading hours on Friday, reaching $16.67. 390,447 shares of the stock traded hands, compared to its average volume of 404,040. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The firm has a 50 day moving average price of $15.50. Innovex International, Inc. has a 1 year low of $12.54 and a 1 year high of $25.19. The firm has a market cap of $1.12 billion, a P/E ratio of 11.82 and a beta of 0.89.

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.