Principal Financial Group Inc. bought a new stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 162,356 shares of the company's stock, valued at approximately $2,383,000. Principal Financial Group Inc. owned approximately 0.24% of Innovex International as of its most recent SEC filing.
Insider Transactions at Innovex International
In related news, CFO Kendal Reed purchased 3,765 shares of the stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $13.28 per share, with a total value of $49,999.20. Following the transaction, the chief financial officer now directly owns 186,232 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company's stock.
Wall Street Analyst Weigh In
Separately, 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 report on Tuesday, November 26th.
View Our Latest Research Report on Innovex International
Innovex International Price Performance
INVX stock traded up $0.41 during midday trading on Friday, hitting $14.88. The stock had a trading volume of 580,007 shares, compared to its average volume of 501,953. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 10.55 and a beta of 0.89. Innovex International, Inc. has a 52-week low of $12.54 and a 52-week high of $25.19.
Innovex International Company Profile
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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.
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