Innovex International, Inc. $INVX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Innovex International, Inc. (NYSE:INVX) by 71.6% during the 1st quarter, Holdings Channel reports. The firm owned 165,170 shares of the company’s stock after selling 415,625 shares during the quarter. SG Americas Securities LLC’s holdings in Innovex International were worth $4,028,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC acquired a new position in shares of Innovex International during the 1st quarter worth $269,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Innovex International by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company’s stock valued at $379,000 after acquiring an additional 1,467 shares in the last quarter. Caxton Associates LLP purchased a new position in Innovex International during the 1st quarter valued at about $270,000. Empowered Funds LLC increased its holdings in Innovex International by 8.2% during the 1st quarter. Empowered Funds LLC now owns 58,131 shares of the company’s stock valued at $1,044,000 after acquiring an additional 4,386 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Innovex International by 11.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,225 shares of the company’s stock worth $1,764,000 after acquiring an additional 10,401 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Innovex International from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Zacks Research raised Innovex International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Weiss Ratings downgraded Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen raised Innovex International from a “hold” rating to a “buy” rating in a research note on Monday, June 22nd. Finally, Piper Sandler lifted their price objective on Innovex International from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $32.25.

Insiders Place Their Bets

In other Innovex International news, insider Mark Reddout sold 10,750 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $28.00, for a total value of $301,000.00. Following the completion of the transaction, the insider directly owned 134,312 shares in the company, valued at approximately $3,760,736. The trade was a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 34.90% of the company’s stock.

Innovex International Stock Performance

Shares of INVX opened at $24.62 on Tuesday. Innovex International, Inc. has a 1 year low of $14.65 and a 1 year high of $32.25. The company’s 50 day simple moving average is $27.56 and its 200 day simple moving average is $25.64. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 32.83 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.38 and a current ratio of 5.10.

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.