Innovex International, Inc. $INVX Stock Holdings Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its position in Innovex International, Inc. (NYSE:INVX) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,734,693 shares of the company’s stock after selling 246,650 shares during the period. Gamco Investors INC. ET AL’s holdings in Innovex International were worth $42,309,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Innovex International in the 4th quarter valued at approximately $12,702,000. Simcoe Capital LLC purchased a new position in Innovex International during the 4th quarter worth approximately $3,625,000. Hussman Strategic Advisors Inc. purchased a new position in Innovex International during the 4th quarter worth approximately $919,000. Avidian Wealth Enterprises LLC acquired a new stake in Innovex International during the 4th quarter valued at $5,821,000. Finally, Royce & Associates LP acquired a new stake in Innovex International during the 4th quarter valued at $415,000.

Insider Transactions at Innovex International

In other Innovex International news, insider Mark Reddout sold 10,750 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $28.00, for a total value of $301,000.00. Following the completion of the sale, the insider owned 134,312 shares in the company, valued at $3,760,736. This represents a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 34.90% of the stock is currently owned by insiders.

Innovex International Stock Performance

INVX stock opened at $26.83 on Friday. The firm has a 50 day simple moving average of $26.84 and a 200 day simple moving average of $26.04. Innovex International, Inc. has a 52 week low of $15.54 and a 52 week high of $32.25. The stock has a market cap of $1.84 billion, a P/E ratio of 35.77 and a beta of 0.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.38 and a current ratio of 5.10.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Innovex International from a “hold” rating to a “buy” rating in a report on Monday, June 22nd. Jefferies Financial Group upgraded Innovex International to a “strong-buy” rating in a report on Friday, June 12th. Zacks Research lowered Innovex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Citigroup began coverage on Innovex International in a research report on Thursday, May 7th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Piper Sandler increased their price objective on Innovex International from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Innovex International currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

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.