Innovex International, Inc. (NYSE:INVX) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in Innovex International, Inc. (NYSE:INVX) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,733 shares of the company’s stock after selling 1,800 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Innovex International worth $834,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of Innovex International during the 3rd quarter worth approximately $2,383,000. JPMorgan Chase & Co. acquired a new stake in shares of Innovex International during the 3rd quarter worth approximately $2,261,000. Legato Capital Management LLC grew its stake in shares of Innovex International by 68.6% during the 4th quarter. Legato Capital Management LLC now owns 148,794 shares of the company’s stock worth $2,079,000 after purchasing an additional 60,554 shares during the period. Barclays PLC acquired a new stake in shares of Innovex International during the 3rd quarter worth approximately $874,000. Finally, Moody National Bank Trust Division acquired a new stake in shares of Innovex International during the 4th quarter worth approximately $234,000.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CFO Kendal Reed acquired 3,765 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $13.28 per share, with a total value of $49,999.20. Following the completion of the transaction, the chief financial officer now owns 186,232 shares in the company, valued at $2,473,160.96. This represents a 2.06 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Innovex International Stock Performance

Shares of INVX stock opened at $16.67 on Monday. The company has a fifty day moving average price of $15.50. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 11.82 and a beta of 0.89. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $25.19.

About Innovex International

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.