Gamco Investors INC. ET AL Trims Holdings in Innovex International, Inc. $INVX

Gamco Investors INC. ET AL decreased its position in shares of Innovex International, Inc. (NYSE:INVX) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,034,296 shares of the company’s stock after selling 73,025 shares during the period. Gamco Investors INC. ET AL’s holdings in Innovex International were worth $37,716,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in Innovex International by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock valued at $40,000 after purchasing an additional 511 shares during the period. Lesa Sroufe & Co boosted its stake in Innovex International by 0.5% in the 3rd quarter. Lesa Sroufe & Co now owns 114,980 shares of the company’s stock worth $2,132,000 after purchasing an additional 561 shares during the period. Intech Investment Management LLC boosted its stake in Innovex International by 4.4% in the 2nd quarter. Intech Investment Management LLC now owns 23,452 shares of the company’s stock worth $366,000 after purchasing an additional 978 shares during the period. Arizona State Retirement System grew its holdings in Innovex International by 10.9% during the 3rd quarter. Arizona State Retirement System now owns 11,226 shares of the company’s stock valued at $208,000 after buying an additional 1,104 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Innovex International by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company’s stock valued at $379,000 after buying an additional 1,467 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INVX shares. Zacks Research downgraded shares of Innovex International from a “hold” rating to a “strong sell” rating in a report on Wednesday. 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. Barclays increased their price target on Innovex International from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Weiss Ratings cut Innovex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.50.

Innovex International Price Performance

Innovex International stock opened at $27.40 on Friday. Innovex International, Inc. has a 52-week low of $11.93 and a 52-week high of $29.48. The company has a quick ratio of 3.24, a current ratio of 4.91 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $24.93 and its 200 day moving average is $21.46. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 22.83 and a beta of 0.72.

Innovex International (NYSE:INVX) last issued its quarterly earnings data on Monday, February 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Innovex International had a return on equity of 6.55% and a net margin of 8.52%.The business had revenue of $273.60 million during the quarter, compared to analysts’ expectations of $240.00 million.

Insider Buying and Selling at Innovex International

In other Innovex International news, Director Co-Invest Fund L.P. Innovex sold 6,612,500 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $24.59, for a total transaction of $162,601,375.00. Following the sale, the director directly owned 399 shares of the company’s stock, valued at $9,811.41. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amberjack Capital Partners, L. sold 6,612,500 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 399 shares in the company, valued at approximately $9,811.41. This trade represents a 99.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,290,319 shares of company stock worth $326,928,137 in the last 90 days. 43.90% of the stock is currently 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.