Legato Capital Management LLC Has $2.08 Million Stock Holdings in Innovex International, Inc. (NYSE:INVX)

Legato Capital Management LLC increased its holdings in Innovex International, Inc. (NYSE:INVX - Free Report) by 68.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 148,794 shares of the company's stock after acquiring an additional 60,554 shares during the quarter. Legato Capital Management LLC owned approximately 0.22% of Innovex International worth $2,079,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. acquired a new position in shares of Innovex International in the third quarter worth about $2,383,000. JPMorgan Chase & Co. acquired a new position in shares of Innovex International in the third quarter worth about $2,261,000. Barclays PLC acquired a new position in shares of Innovex International in the third quarter worth about $874,000. Empowered Funds LLC lifted its stake in shares of Innovex International by 5.0% in the fourth quarter. Empowered Funds LLC now owns 53,745 shares of the company's stock worth $751,000 after acquiring an additional 2,569 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Innovex International by 8.9% in the fourth quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company's stock worth $298,000 after acquiring an additional 1,741 shares in the last quarter.

Insider Buying and Selling

In related 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, for a total transaction of $49,999.20. Following the transaction, the chief financial officer now owns 186,232 shares of the company's stock, valued at approximately $2,473,160.96. The trade was a 2.06 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.10% of the company's stock.

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Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays cut their price objective on Innovex International from $21.00 to $15.00 and set an "underweight" rating on the stock in a research note on Tuesday, November 26th. Pickering Energy Partners upgraded Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th.

Innovex International Stock Down 0.5 %

Shares of NYSE:INVX traded down $0.09 during trading on Friday, hitting $16.47. 188,292 shares of the company traded hands, compared to its average volume of 399,319. The company has a market capitalization of $1.11 billion, a PE ratio of 11.68 and a beta of 0.89. The stock has a fifty day simple moving average of $15.21. Innovex International, Inc. has a one year low of $12.54 and a one year high of $25.19. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

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.