New Age Alpha Advisors LLC Has $958,000 Stake in Innovex International, Inc. $INVX

New Age Alpha Advisors LLC decreased its holdings in Innovex International, Inc. (NYSE:INVX) by 40.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,807 shares of the company’s stock after selling 30,259 shares during the period. New Age Alpha Advisors LLC owned about 0.06% of Innovex International worth $958,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Heartland Advisors Inc. acquired a new position in shares of Innovex International in the 3rd quarter valued at about $3,708,000. SG Americas Securities LLC acquired a new position in shares of Innovex International in the 4th quarter valued at about $12,702,000. Fisher Asset Management LLC increased its holdings in shares of Innovex International by 69.0% in the 3rd quarter. Fisher Asset Management LLC now owns 228,887 shares of the company’s stock valued at $4,244,000 after purchasing an additional 93,412 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Innovex International in the 4th quarter valued at about $919,000. Finally, Citigroup Inc. increased its holdings in shares of Innovex International by 79.8% in the 3rd quarter. Citigroup Inc. now owns 197,020 shares of the company’s stock valued at $3,653,000 after purchasing an additional 87,458 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on INVX. Piper Sandler upped their target price on Innovex International from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Citigroup began coverage on Innovex International in a report on Thursday, May 7th. They issued a “buy” rating and a $35.00 price objective on the stock. Zacks Research upgraded Innovex International from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings downgraded Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Barclays increased their price objective on Innovex International from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Two 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.67.

Innovex International Trading Down 7.9%

NYSE:INVX opened at $27.60 on Thursday. The stock’s 50 day moving average price is $26.70 and its 200 day moving average price is $24.86. Innovex International, Inc. has a 52 week low of $13.44 and a 52 week high of $32.25. The company has a market capitalization of $1.90 billion, a P/E ratio of 36.80 and a beta of 0.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.38 and a current ratio of 5.10.

Innovex International (NYSE:INVX) last released its quarterly earnings data on Monday, February 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Innovex International had a return on equity of 6.72% and a net margin of 5.31%.The firm had revenue of $273.60 million during the quarter, compared to analyst estimates of $240.00 million. On average, research analysts forecast that Innovex International, Inc. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Innovex International news, Director Amberjack Capital Partners, L. sold 6,612,500 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $24.59, for a total transaction of $162,601,375.00. Following the completion of the sale, the director owned 399 shares of the company’s stock, valued at $9,811.41. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Co-Invest Fund L.P. Innovex sold 6,612,500 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $24.59, for a total value of $162,601,375.00. Following the sale, the director directly owned 399 shares of the company’s stock, valued at $9,811.41. The trade was a 99.99% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 34.90% of the company’s stock.

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.