Acuitas Investments LLC Has $69,000 Stock Position in Innovex International, Inc. $INVX

Acuitas Investments LLC reduced its stake in Innovex International, Inc. (NYSE:INVX) by 98.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,700 shares of the company’s stock after selling 181,653 shares during the quarter. Acuitas Investments LLC’s holdings in Innovex International were worth $69,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of Innovex International by 26,300.0% during the third quarter. Covestor Ltd now owns 1,848 shares of the company’s stock worth $34,000 after purchasing an additional 1,841 shares during the period. Westfuller Advisors LLC acquired a new position in Innovex International in the 3rd quarter valued at $53,000. First Horizon Advisors Inc. increased its position in Innovex International by 150.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,367 shares of the company’s stock worth $53,000 after buying an additional 2,022 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Innovex International by 418.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,523 shares of the company’s stock worth $55,000 after buying an additional 2,843 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Innovex International by 92.6% during the third quarter. CWM LLC now owns 4,103 shares of the company’s stock worth $76,000 after buying an additional 1,973 shares in the last quarter.

Innovex International Stock Up 0.3%

INVX stock opened at $25.24 on Friday. Innovex International, Inc. has a 52 week low of $11.93 and a 52 week high of $26.65. The business has a 50-day simple moving average of $23.22 and a 200 day simple moving average of $19.74. The company has a quick ratio of 2.93, a current ratio of 4.78 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.74 billion, a PE ratio of 17.17 and a beta of 0.74.

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

Wall Street Analysts Forecast Growth

INVX has been the topic of a number of recent research reports. Piper Sandler raised their price target on shares of Innovex International from $20.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Innovex International in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Insider Activity at Innovex International

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

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.