Innovex International, Inc. (NYSE:INVX) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its position in shares of Innovex International, Inc. (NYSE:INVX) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,146 shares of the company’s stock after acquiring an additional 8,008 shares during the quarter. Sanctuary Advisors LLC owned about 0.07% of Innovex International worth $659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC purchased a new stake in shares of Innovex International in the third quarter worth about $874,000. JPMorgan Chase & Co. purchased a new stake in shares of Innovex International in the third quarter worth about $2,261,000. Principal Financial Group Inc. purchased a new stake in shares of Innovex International in the third quarter worth about $2,383,000. Moody National Bank Trust Division purchased a new stake in shares of Innovex International in the fourth quarter worth about $234,000. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Innovex International in the fourth quarter worth about $63,000.

Innovex International Stock Performance

Shares of INVX opened at $18.29 on Friday. The stock has a market capitalization of $1.23 billion, a P/E ratio of 12.97 and a beta of 0.89. Innovex International, Inc. has a one year low of $12.54 and a one year high of $25.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The company has a 50-day simple moving average of $15.87.

Innovex International (NYSE:INVX) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. The firm had revenue of $250.69 million during the quarter. Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%.

Insider Activity at Innovex International

In other news, CFO Kendal Reed bought 3,765 shares of Innovex International stock in a transaction on Friday, December 13th. The shares were bought at an average price of $13.28 per share, with a total value of $49,999.20. Following the acquisition, the chief financial officer now directly owns 186,232 shares in the company, valued at approximately $2,473,160.96. This represents a 2.06 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INVX. Pickering Energy Partners raised Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays decreased their target price on Innovex International from $21.00 to $15.00 and set an “underweight” rating for the company in a research report on Tuesday, November 26th.

Innovex International Company 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.