Louisiana State Employees Retirement System Buys 1,500 Shares of Innovex International, Inc. (NYSE:INVX)

Louisiana State Employees Retirement System lifted its holdings in Innovex International, Inc. (NYSE:INVX) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,200 shares of the company’s stock after buying an additional 1,500 shares during the period. Louisiana State Employees Retirement System’s holdings in Innovex International were worth $254,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CFO Kendal Reed acquired 3,765 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired 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 of the company’s stock, valued at approximately $2,473,160.96. This trade represents a 2.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by insiders.

Innovex International Price Performance

Shares of INVX opened at $16.83 on Thursday. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a one year low of $12.54 and a one year high of $25.19. The business has a 50-day moving average of $15.36. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 11.94 and a beta of 0.89.

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.