4,500 Shares in Innovex International, Inc. (NYSE:INVX) Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division bought a new stake in Innovex International, Inc. (NYSE:INVX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,500 shares of the company’s stock, valued at approximately $63,000.

Several other large investors also recently modified their holdings of INVX. Barclays PLC acquired a new position in shares of Innovex International in the 3rd quarter valued at approximately $874,000. JPMorgan Chase & Co. bought a new position in Innovex International in the third quarter valued at approximately $2,261,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Innovex International in the third quarter valued at approximately $2,383,000.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price objective on shares of Innovex International from $21.00 to $15.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 26th.

Innovex International Stock Up 2.8 %

NYSE:INVX opened at $14.88 on Monday. Innovex International, Inc. has a 52-week low of $12.54 and a 52-week high of $25.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The stock has a market capitalization of $1.00 billion, a P/E ratio of 10.55 and a beta of 0.89.

Insiders Place Their Bets

In related news, CFO Kendal Reed acquired 3,765 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $13.28 per share, for a total transaction of $49,999.20. Following the completion of the transaction, the chief financial officer now directly owns 186,232 shares of the company’s stock, valued at approximately $2,473,160.96. The trade was a 2.06 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

About Innovex International

Innovex Downhole Solutions Inc designs, manufactures and installs mission-critical drilling & deployment, well construction, completion, production and fishing & intervention solutions to support upstream onshore and offshore activities. Innovex Downhole Solutions Inc, formerly known as Dril-Quip, is based in HOUSTON.