Moody National Bank Trust Division Acquires New Holdings in Innovex International, Inc. (NYSE:INVX)

Moody National Bank Trust Division purchased a new position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,731 shares of the company's stock, valued at approximately $234,000.

Other hedge funds also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in shares of Innovex International during the fourth quarter valued at $63,000. Barclays PLC purchased a new stake in Innovex International in the 3rd quarter valued at about $874,000. JPMorgan Chase & Co. bought a new position in Innovex International in the 3rd quarter worth about $2,261,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Innovex International during the third quarter worth approximately $2,383,000.

Innovex International Price Performance

Shares of INVX stock traded down $0.16 during mid-day trading on Thursday, hitting $17.15. The stock had a trading volume of 325,180 shares, compared to its average volume of 510,468. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.16 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. Innovex International, Inc. has a 12-month low of $12.54 and a 12-month high of $25.19.

Analysts Set New Price Targets

Separately, Barclays lowered their price target on Innovex International from $21.00 to $15.00 and set an "underweight" rating for the company in a report on Tuesday, November 26th.

Insider Activity at Innovex International

In other Innovex International news, CFO Kendal Reed acquired 3,765 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $13.28 per share, with a total value of $49,999.20. Following the completion of the acquisition, the chief financial officer now directly owns 186,232 shares in the company, valued at $2,473,160.96. This represents a 2.06 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Innovex International Company Profile

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.