UBS Group AG Has $2.21 Million Holdings in Innovex International, Inc. $INVX

UBS Group AG lessened its position in shares of Innovex International, Inc. (NYSE:INVX) by 23.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,962 shares of the company’s stock after selling 30,608 shares during the quarter. UBS Group AG owned approximately 0.15% of Innovex International worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Round Rock Advisors LLC grew its holdings in shares of Innovex International by 53.9% during the 4th quarter. Round Rock Advisors LLC now owns 22,637 shares of the company’s stock worth $495,000 after purchasing an additional 7,927 shares in the last quarter. Lesa Sroufe & Co grew its holdings in shares of Innovex International by 5.7% during the 4th quarter. Lesa Sroufe & Co now owns 121,535 shares of the company’s stock worth $2,658,000 after purchasing an additional 6,555 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Innovex International during the 4th quarter worth approximately $248,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Innovex International by 46.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 16,466 shares of the company’s stock worth $360,000 after purchasing an additional 5,248 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Innovex International during the 4th quarter worth approximately $12,702,000.

Innovex International Price Performance

Shares of INVX stock opened at $27.60 on Thursday. The stock’s fifty day simple moving average is $26.70 and its 200 day simple moving average is $24.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.10 and a quick ratio of 3.38. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 36.80 and a beta of 0.84. Innovex International, Inc. has a one year low of $13.44 and a one year high of $32.25.

Innovex International (NYSE:INVX) last announced its quarterly earnings results on Monday, February 23rd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.09). The company had revenue of $273.60 million during the quarter, compared to analyst estimates of $240.00 million. Innovex International had a net margin of 5.31% and a return on equity of 6.72%. On average, analysts expect that Innovex International, Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INVX. Barclays lifted their price objective on Innovex International from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Zacks Research raised Innovex International from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings lowered Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Piper Sandler boosted their price target on Innovex International from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Finally, Citigroup began coverage on Innovex International in a research note on Thursday, May 7th. They issued a “buy” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.67.

Insider Buying and Selling at Innovex International

In related news, Director Amberjack Capital Partners, L. sold 6,612,500 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $24.59, for a total value of $162,601,375.00. Following the sale, the director owned 399 shares of the company’s stock, valued at $9,811.41. The trade was a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Co-Invest Fund L.P. Innovex sold 6,612,500 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $24.59, for a total value of $162,601,375.00. Following the completion of the sale, the director directly owned 399 shares in the company, valued at approximately $9,811.41. This represents a 99.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 34.90% of the stock is owned by insiders.

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.