Janney Montgomery Scott LLC lowered its position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 33.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,437 shares of the company's stock after selling 16,772 shares during the period. Janney Montgomery Scott LLC's holdings in Innovex International were worth $467,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. acquired a new stake in Innovex International in the third quarter worth about $2,383,000. JPMorgan Chase & Co. acquired a new stake in Innovex International in the third quarter worth about $2,261,000. Barclays PLC acquired a new stake in Innovex International in the 3rd quarter valued at about $874,000. Moody National Bank Trust Division acquired a new stake in Innovex International in the 4th quarter valued at about $234,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Innovex International in the 4th quarter valued at about $63,000.
Innovex International Trading Up 0.6 %
Shares of INVX traded up $0.10 during midday trading on Thursday, hitting $16.58. The stock had a trading volume of 190,982 shares, compared to its average volume of 423,648. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $25.19. The stock's 50-day moving average price is $15.16. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.76 and a beta of 0.89. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01.
Analysts Set New Price Targets
A number of brokerages have weighed in on INVX. Barclays cut their price target on shares of Innovex International from $21.00 to $15.00 and set an "underweight" rating for the company in a report on Tuesday, November 26th. Pickering Energy Partners upgraded shares of Innovex International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th.
Get Our Latest Research Report on INVX
Insider Transactions at Innovex International
In related news, CFO Kendal Reed purchased 3,765 shares of Innovex International stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $13.28 per share, with a total value of $49,999.20. Following the completion of the transaction, the chief financial officer now directly owns 186,232 shares of the company's stock, valued at $2,473,160.96. This trade represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is owned by insiders.
Innovex International Company Profile
(
Free Report)
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.
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