Alps Advisors Inc. Makes New $509,000 Investment in Innovex International, Inc. $INVX

Alps Advisors Inc. purchased a new stake in Innovex International, Inc. (NYSE:INVX) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 27,440 shares of the company’s stock, valued at approximately $509,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd boosted its holdings in 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 buying an additional 1,841 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Innovex International by 150.3% during 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 period. Westfuller Advisors LLC purchased a new stake in shares of Innovex International during the 3rd quarter worth approximately $53,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 in the last quarter. Finally, CWM LLC grew its holdings in shares of Innovex International by 92.6% in the 3rd quarter. CWM LLC now owns 4,103 shares of the company’s stock worth $76,000 after acquiring an additional 1,973 shares during the period.

Insider Transactions at Innovex International

In related news, CEO Adam Anderson sold 13,241 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $25.00, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Reddout sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $500,000.00. Following the completion of the transaction, the insider owned 129,436 shares in the company, valued at approximately $3,235,900. This trade represents a 13.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 43.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Innovex International in a report on Monday, December 29th. Piper Sandler raised their price target on Innovex International from $20.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. One 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Innovex International Stock Performance

NYSE INVX opened at $24.64 on Friday. The company has a quick ratio of 2.93, a current ratio of 4.78 and a debt-to-equity ratio of 0.02. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $26.65. The business has a fifty day moving average of $23.66 and a 200-day moving average of $20.36. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 16.76 and a beta of 0.75.

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.