JPMorgan Chase & Co. bought a new stake in Innovex International, Inc. (NYSE:INVX - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 154,032 shares of the company's stock, valued at approximately $2,261,000. JPMorgan Chase & Co. owned approximately 0.23% of Innovex International at the end of the most recent quarter.
Separately, Principal Financial Group Inc. acquired a new position in Innovex International in the third quarter valued at $2,383,000.
Insider Buying and Selling
In other Innovex International news, CFO Kendal Reed bought 3,765 shares of Innovex International stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $13.28 per share, for a total transaction of $49,999.20. Following the purchase, the chief financial officer now owns 186,232 shares in the company, valued at $2,473,160.96. This represents a 2.06 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.
Innovex International Stock Down 3.1 %
Innovex International stock traded down $0.53 during trading on Wednesday, reaching $16.81. 299,412 shares of the company's stock were exchanged, compared to its average volume of 480,239. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a 52-week low of $12.54 and a 52-week high of $25.19. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 11.92 and a beta of 0.89.
Wall Street Analyst Weigh In
INVX has been the subject of several recent analyst reports. Pickering Energy Partners upgraded Innovex International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays dropped their price target on shares of Innovex International from $21.00 to $15.00 and set an "underweight" rating for the company in a research report on Tuesday, November 26th.
Read Our Latest Stock Report on Innovex International
About Innovex International
(
Free Report)
Innovex Downhole Solutions Inc designs, manufactures and installs mission-critical drilling & deployment, well construction, completion, production and fishing & intervention solutions to support upstream onshore and offshore activities. Innovex Downhole Solutions Inc, formerly known as Dril-Quip, is based in HOUSTON.
Further Reading
Before you consider Innovex International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innovex International wasn't on the list.
While Innovex International currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
