Pacer Advisors Inc. Sells 126,731 Shares of Innovex International, Inc. $INVX

Pacer Advisors Inc. trimmed its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 261,792 shares of the company’s stock after selling 126,731 shares during the quarter. Pacer Advisors Inc.’s holdings in Innovex International were worth $5,725,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio bought a new stake in shares of Innovex International during the 4th quarter valued at $44,000. Aster Capital Management DIFC Ltd bought a new position in Innovex International in the 4th quarter worth $55,000. Tower Research Capital LLC TRC lifted its position in Innovex International by 418.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,523 shares of the company’s stock valued at $55,000 after purchasing an additional 2,843 shares in the last quarter. Covestor Ltd lifted its position in Innovex International by 77.7% during the fourth quarter. Covestor Ltd now owns 3,284 shares of the company’s stock valued at $72,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Innovex International during the fourth quarter valued at $103,000.

Innovex International Price Performance

Shares of Innovex International stock opened at $25.64 on Tuesday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 34.18 and a beta of 0.82. The company has a quick ratio of 3.38, a current ratio of 5.10 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $27.64 and its 200-day simple moving average is $25.57. Innovex International, Inc. has a 52 week low of $14.65 and a 52 week high of $32.25.

Insiders Place Their Bets

In other Innovex International news, insider Mark Reddout sold 10,750 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $28.00, for a total transaction of $301,000.00. Following the completion of the sale, the insider directly owned 134,312 shares of the company’s stock, valued at $3,760,736. This trade represents a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 34.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INVX shares. Wall Street Zen upgraded Innovex International from a “hold” rating to a “buy” rating in a research report on Monday. Barclays lifted their price objective on Innovex International from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Jefferies Financial Group upgraded Innovex International to a “strong-buy” rating in a research note on Friday, June 12th. Zacks Research raised shares of Innovex International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings lowered shares of Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $32.25.

About Innovex International

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.