Heartland Advisors Inc. Has $6.56 Million Stock Holdings in Innovex International, Inc. $INVX

Heartland Advisors Inc. increased its position in shares of Innovex International, Inc. (NYSE:INVX) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Heartland Advisors Inc. owned approximately 0.44% of Innovex International worth $6,561,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of 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 acquiring an additional 837,027 shares during the last quarter. Dimensional Fund Advisors LP grew its position in 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. SG Americas Securities LLC acquired a new stake in Innovex International during the 4th quarter valued at $12,702,000. Bridgeway Capital Management LLC increased its holdings in Innovex International by 34.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 461,056 shares of the company’s stock valued at $8,548,000 after purchasing an additional 116,878 shares in the last quarter. Finally, Invesco Ltd. raised its position in Innovex International by 5.0% in the 3rd quarter. Invesco Ltd. now owns 344,182 shares of the company’s stock valued at $6,381,000 after purchasing an additional 16,290 shares during the last quarter.

Innovex International Stock Up 1.1%

NYSE INVX opened at $28.73 on Thursday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 38.31 and a beta of 0.82. Innovex International, Inc. has a 52 week low of $14.65 and a 52 week high of $32.25. 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 stock has a fifty day moving average of $27.32 and a 200-day moving average of $25.32.

Analysts Set New Price Targets

Several analysts have recently commented on INVX shares. Jefferies Financial Group began coverage on Innovex International in a report on Monday. They set a “buy” rating and a $34.00 target price on the stock. Citigroup began coverage on shares of Innovex International in a research report on Thursday, May 7th. They set a “buy” rating and a $35.00 price target on the stock. Weiss Ratings lowered shares of Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays raised their price objective on shares of Innovex International from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Zacks Research upgraded shares of Innovex International from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.25.

Insider Buying and Selling

In other Innovex International news, insider Mark Reddout sold 10,750 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,760,736. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 34.90% of the stock is currently owned by insiders.

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.