Sargent Investment Group LLC Decreases Stock Holdings in Innovex International, Inc. (NYSE:INVX)

Sargent Investment Group LLC lowered its stake in Innovex International, Inc. (NYSE:INVX) by 80.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,530 shares of the company’s stock after selling 75,643 shares during the quarter. Sargent Investment Group LLC’s holdings in Innovex International were worth $259,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new position in shares of Innovex International in the 4th quarter worth $234,000. Central Pacific Bank Trust Division bought a new position in Innovex International in the fourth quarter valued at about $63,000. Barclays PLC purchased a new position in Innovex International in the third quarter worth about $874,000. JPMorgan Chase & Co. bought a new stake in shares of Innovex International during the 3rd quarter valued at about $2,261,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Innovex International during the 3rd quarter valued at about $2,383,000.

Insider Activity at Innovex International

In other news, CFO Kendal Reed bought 3,765 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $13.28 per share, with a total value of $49,999.20. Following the acquisition, the chief financial officer now owns 186,232 shares of the company’s stock, valued at approximately $2,473,160.96. This represents a 2.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

INVX has been the topic of a number of research reports. Pickering Energy Partners upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays cut their price objective on shares of Innovex International from $21.00 to $15.00 and set an “underweight” rating for the company in a research report on Tuesday, November 26th.

Innovex International Stock Down 1.5 %

Shares of INVX opened at $15.93 on Thursday. Innovex International, Inc. has a 52 week low of $12.54 and a 52 week high of $25.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The stock has a market capitalization of $1.07 billion, a PE ratio of 11.30 and a beta of 0.89. The stock has a 50-day moving average of $15.14.

Innovex International Company Profile

Innovex Downhole Solutions Inc designs, manufactures and installs mission-critical drilling & deployment, well construction, completion, production and fishing & intervention solutions to support upstream onshore and offshore activities. Innovex Downhole Solutions Inc, formerly known as Dril-Quip, is based in HOUSTON.