Innovex International, Inc. $INVX Position Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Innovex International, Inc. (NYSE:INVX) by 14.5% during the first quarter, Holdings Channel.com reports. The firm owned 2,646,376 shares of the company’s stock after buying an additional 335,839 shares during the period. Dimensional Fund Advisors LP’s holdings in Innovex International were worth $64,544,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in INVX. Strs Ohio purchased a new position in Innovex International during the fourth quarter valued at approximately $44,000. Aster Capital Management DIFC Ltd purchased a new stake in Innovex International in the 4th quarter worth approximately $55,000. Covestor Ltd lifted its position in 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 buying an additional 2,843 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in shares of Innovex International during the 4th quarter valued at $103,000.

Innovex International Price Performance

NYSE INVX opened at $28.16 on Friday. The company has a quick ratio of 3.38, a current ratio of 5.10 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.94 billion, a PE ratio of 37.54 and a beta of 0.83. The company has a 50 day moving average price of $26.43 and a two-hundred day moving average price of $26.15. Innovex International, Inc. has a 12-month low of $15.54 and a 12-month high of $32.25.

Analysts Set New Price Targets

Several research firms have recently commented on INVX. Wall Street Zen cut shares of Innovex International from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup began coverage on Innovex International in a report on Thursday, May 7th. They set a “buy” rating and a $35.00 price objective for the company. Barclays boosted their target price on Innovex International from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Jefferies Financial Group raised Innovex International to a “strong-buy” rating in a research report on Friday, June 12th. Finally, Weiss Ratings downgraded Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.25.

Insider Activity at Innovex International

In other news, insider Mark Reddout sold 10,750 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $28.00, for a total transaction of $301,000.00. Following the transaction, the insider owned 134,312 shares in the company, valued at approximately $3,760,736. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 34.90% of the stock is currently owned by company insiders.

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.