Innovex International, Inc. (NYSE:INVX - Get Free Report) Director Co-Invest Fund L.P. Innovex sold 4,954,467 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $28.71, for a total transaction of $142,242,747.57. Following the completion of the sale, the director directly owned 311 shares in the company, valued at approximately $8,928.81. This represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Innovex International Price Performance
Innovex International stock opened at $29.06 on Tuesday. Innovex International, Inc. has a 12-month low of $15.76 and a 12-month high of $33.71. The company has a current ratio of 5.01, a quick ratio of 3.32 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $26.64 and a 200-day moving average price of $26.40. The firm has a market capitalization of $2.03 billion, a PE ratio of 32.65 and a beta of 0.83.
Innovex International (NYSE:INVX - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. Innovex International had a net margin of 6.17% and a return on equity of 7.12%. The company had revenue of $244.90 million for the quarter, compared to the consensus estimate of $241.58 million. As a group, equities research analysts forecast that Innovex International, Inc. will post 1.44 EPS for the current year.
Institutional Trading of Innovex International
A number of large investors have recently modified their holdings of the company. Strs Ohio bought a new position in Innovex International in the fourth quarter worth approximately $44,000. USA Financial Formulas purchased a new position in Innovex International during the 1st quarter worth $53,000. Aster Capital Management DIFC Ltd bought a new stake in Innovex International during the 4th quarter valued at $55,000. Tower Research Capital LLC TRC raised its position in Innovex International by 418.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,523 shares of the company's stock valued at $55,000 after purchasing an additional 2,843 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Innovex International by 77.7% in the 4th quarter. Covestor Ltd now owns 3,284 shares of the company's stock worth $72,000 after buying an additional 1,436 shares during the period.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on INVX. Zacks Research cut Innovex International from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. Barclays lifted their target price on Innovex International from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, May 8th. Jefferies Financial Group raised shares of Innovex International to a "strong-buy" rating in a research note on Friday, June 12th. Citigroup assumed coverage on shares of Innovex International in a report on Thursday, May 7th. They issued a "buy" rating and a $35.00 price target on the stock. Finally, Piper Sandler raised their price target on shares of Innovex International from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.25.
Read Our Latest Report on INVX
About Innovex International
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
