Exencial Wealth Advisors LLC Acquires New Shares in Innovex International, Inc. $INVX

Exencial Wealth Advisors LLC bought a new stake in Innovex International, Inc. (NYSE:INVX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,801 shares of the company’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in shares of Innovex International by 150.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,367 shares of the company’s stock valued at $53,000 after acquiring an additional 2,022 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Innovex International by 418.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,523 shares of the company’s stock worth $55,000 after acquiring an additional 2,843 shares during the last quarter. CWM LLC grew its holdings in Innovex International by 92.6% during the third quarter. CWM LLC now owns 4,103 shares of the company’s stock valued at $76,000 after purchasing an additional 1,973 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in Innovex International by 23.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,550 shares of the company’s stock valued at $134,000 after purchasing an additional 1,639 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its stake in Innovex International by 54.0% in the third quarter. KLP Kapitalforvaltning AS now owns 9,700 shares of the company’s stock valued at $180,000 after purchasing an additional 3,400 shares in the last quarter.

Insiders Place Their Bets

In other Innovex International news, insider Mark Reddout sold 20,000 shares of Innovex International stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $500,000.00. Following the sale, the insider directly owned 129,436 shares in the company, valued at approximately $3,235,900. The trade was a 13.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Anderson sold 13,241 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $331,025.00. Following the transaction, the chief executive officer owned 498,822 shares of the company’s stock, valued at approximately $12,470,550. This represents a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 43.90% of the stock is currently owned by company insiders.

Innovex International Stock Performance

Shares of INVX opened at $24.30 on Friday. The firm’s 50 day moving average price is $22.42 and its two-hundred day moving average price is $19.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.93 and a current ratio of 4.78. Innovex International, Inc. has a twelve month low of $11.93 and a twelve month high of $25.15. The firm has a market cap of $1.67 billion, a P/E ratio of 16.53 and a beta of 0.74.

Innovex International (NYSE:INVX) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.09). The company had revenue of $240.00 million for the quarter, compared to analyst estimates of $235.00 million. Innovex International had a return on equity of 8.51% and a net margin of 10.59%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INVX shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Innovex International in a report on Monday, December 29th. Piper Sandler lifted their target price on Innovex International from $20.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Innovex International has an average rating of “Moderate Buy” and an average price target of $20.00.

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.