Bridge City Capital LLC reduced its position in shares of Innovex International, Inc. (NYSE:INVX – Free Report) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,540 shares of the company’s stock after selling 23,761 shares during the period. Bridge City Capital LLC’s holdings in Innovex International were worth $3,708,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Innovex International by 52.4% during the third quarter. Wellington Management Group LLP now owns 2,434,808 shares of the company’s stock worth $45,141,000 after buying an additional 837,027 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Innovex International by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,310,537 shares of the company’s stock worth $50,533,000 after buying an additional 157,265 shares during the period. State Street Corp boosted its position in shares of Innovex International by 0.7% during the fourth quarter. State Street Corp now owns 1,601,149 shares of the company’s stock worth $35,017,000 after buying an additional 11,160 shares during the period. MetLife Investment Management LLC boosted its position in shares of Innovex International by 2.6% during the fourth quarter. MetLife Investment Management LLC now owns 828,757 shares of the company’s stock worth $18,125,000 after buying an additional 20,873 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Innovex International during the fourth quarter worth $12,702,000.
Insiders Place Their Bets
In other Innovex International news, insider Mark Reddout sold 10,750 shares of Innovex International stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $28.00, for a total value of $301,000.00. Following the sale, the insider owned 134,312 shares of the company’s stock, valued at approximately $3,760,736. The trade was a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 34.90% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Innovex International
Innovex International Stock Performance
Shares of INVX stock opened at $29.50 on Friday. Innovex International, Inc. has a 52-week low of $14.65 and a 52-week high of $32.25. The stock’s 50-day moving average price is $27.51 and its 200 day moving average price is $25.39. The stock has a market capitalization of $2.03 billion, a PE ratio of 39.33 and a beta of 0.82. The company has a quick ratio of 3.38, a current ratio of 5.10 and a debt-to-equity ratio of 0.02.
Innovex International 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.
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