Horizon Investments LLC Buys Shares of 28,140 Innovex International, Inc. $INVX

Horizon Investments LLC bought a new stake in shares of Innovex International, Inc. (NYSE:INVX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,140 shares of the company’s stock, valued at approximately $615,000.

Several other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its holdings in Innovex International by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock valued at $40,000 after buying an additional 511 shares in the last quarter. Arizona State Retirement System raised its holdings in Innovex International by 10.9% during the third quarter. Arizona State Retirement System now owns 11,226 shares of the company’s stock valued at $208,000 after buying an additional 1,104 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Innovex International by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company’s stock valued at $379,000 after buying an additional 1,467 shares in the last quarter. Legal & General Group Plc raised its holdings in Innovex International by 1.6% during the third quarter. Legal & General Group Plc now owns 105,967 shares of the company’s stock valued at $1,965,000 after buying an additional 1,681 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Innovex International by 26,300.0% during the third quarter. Covestor Ltd now owns 1,848 shares of the company’s stock valued at $34,000 after buying an additional 1,841 shares in the last quarter.

Insider Buying and Selling at Innovex International

In other news, CEO Adam Anderson sold 18,837 shares of Innovex International stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $28.50, for a total value of $536,854.50. Following the completion of the transaction, the chief executive officer owned 466,744 shares in the company, valued at approximately $13,302,204. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amberjack Capital Partners, L. sold 6,612,500 shares of Innovex International stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $24.59, for a total transaction of $162,601,375.00. Following the completion of the transaction, the director owned 399 shares of the company’s stock, valued at $9,811.41. This trade represents a 99.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 13,257,078 shares of company stock valued at $326,097,112. 34.90% of the stock is currently owned by corporate insiders.

Innovex International Stock Down 0.1%

NYSE INVX opened at $26.59 on Friday. The company has a current ratio of 5.10, a quick ratio of 3.24 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $25.94 and its two-hundred day moving average is $23.97. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 35.46 and a beta of 0.84. Innovex International, Inc. has a 1-year low of $13.44 and a 1-year high of $29.48.

Innovex International (NYSE:INVX) last released its quarterly earnings data on Monday, February 23rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). The company had revenue of $273.60 million for the quarter, compared to analyst estimates of $240.00 million. Innovex International had a net margin of 5.31% and a return on equity of 6.72%. Equities analysts forecast that Innovex International, Inc. will post 1.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on INVX shares. Citigroup assumed coverage on Innovex International in a report on Thursday. They set a “buy” rating and a $35.00 target price on the stock. Weiss Ratings lowered Innovex International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Barclays lifted their price objective on Innovex International from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Zacks Research lowered Innovex International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Innovex International currently has an average rating of “Moderate Buy” and an average target price of $29.33.

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.