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

Sargent Investment Group LLC decreased its position in shares of Innovex International, Inc. (NYSE:INVX) by 80.3% in the fourth quarter, HoldingsChannel reports. The firm 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 reporting period.

Several other large investors have also recently made changes to their positions in INVX. Central Pacific Bank Trust Division purchased a new position in Innovex International during the 4th quarter valued at approximately $63,000. Moody National Bank Trust Division purchased a new position in shares of Innovex International in the fourth quarter valued at $234,000. Barclays PLC purchased a new position in shares of Innovex International in the third quarter valued at $874,000. JPMorgan Chase & Co. bought a new stake in Innovex International in the third quarter worth $2,261,000. Finally, Principal Financial Group Inc. purchased a new stake in Innovex International during the third quarter valued at $2,383,000.

Insider Buying and Selling at Innovex International

In other Innovex International news, CFO Kendal Reed bought 3,765 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $13.28 per share, for a total transaction of $49,999.20. Following the completion of the transaction, the chief financial officer now directly owns 186,232 shares of the company’s stock, valued at approximately $2,473,160.96. This represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Innovex International Stock Performance

NYSE:INVX opened at $15.93 on Thursday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 11.30 and a beta of 0.89. The firm’s fifty day moving average is $15.14. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $25.19. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Pickering Energy Partners raised shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays dropped their price target on 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 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.