Teachers Retirement System of The State of Kentucky Purchases 58,576 Shares of Innovex International, Inc. $INVX

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 614.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 68,102 shares of the company’s stock after purchasing an additional 58,576 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Innovex International were worth $1,661,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of INVX. Wellington Management Group LLP raised its stake in Innovex International by 52.4% in the third quarter. Wellington Management Group LLP now owns 2,434,808 shares of the company’s stock valued at $45,141,000 after buying an additional 837,027 shares during the period. SG Americas Securities LLC bought a new position in shares of Innovex International during the 4th quarter worth approximately $12,702,000. Bridgeway Capital Management LLC boosted its stake in shares of Innovex International by 371.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 344,178 shares of the company’s stock worth $5,376,000 after acquiring an additional 271,247 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in shares of Innovex International during the 4th quarter worth approximately $5,821,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Innovex International by 12.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,153,272 shares of the company’s stock worth $39,921,000 after acquiring an additional 230,393 shares during the last quarter.

Innovex International Trading Up 0.7%

Shares of Innovex International stock opened at $25.90 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.38 and a current ratio of 5.10. The firm has a 50-day moving average of $26.97 and a 200-day moving average of $25.86. Innovex International, Inc. has a 52-week low of $14.65 and a 52-week high of $32.25. The stock has a market cap of $1.78 billion, a PE ratio of 34.53 and a beta of 0.83.

Insider Activity

In other news, insider Mark Reddout sold 10,750 shares of the firm’s stock in a transaction that occurred 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 directly owned 134,312 shares of the company’s stock, valued at approximately $3,760,736. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 34.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on INVX shares. Barclays lifted their price objective on shares of Innovex International from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Piper Sandler lifted their target price on shares of Innovex International from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Citigroup began coverage on shares of Innovex International in a research note on Thursday, May 7th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Weiss Ratings cut shares of Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $32.25.

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.