Tudor Investment Corp ET AL Has $507,000 Holdings in Innovex International, Inc. $INVX

Tudor Investment Corp ET AL lessened its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 68.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,322 shares of the company’s stock after selling 60,449 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Innovex International were worth $507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its position 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 worth $45,141,000 after purchasing an additional 837,027 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in 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 purchasing an additional 271,247 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Innovex International by 12.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,153,272 shares of the company’s stock valued at $39,921,000 after acquiring an additional 230,393 shares during the period. Heartland Advisors Inc. bought a new position in Innovex International in the 3rd quarter valued at $3,708,000. Finally, First Trust Advisors LP purchased a new position in Innovex International during the second quarter worth about $2,871,000.

Insider Transactions at Innovex International

In related news, CEO Adam Anderson sold 18,837 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $28.50, for a total value of $536,854.50. Following the sale, the chief executive officer directly owned 466,744 shares of the company’s stock, valued at $13,302,204. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amberjack Capital Partners, L. sold 6,612,500 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $24.59, for a total value of $162,601,375.00. Following the completion of the sale, the director owned 399 shares in the company, valued at approximately $9,811.41. The trade was a 99.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,290,319 shares of company stock valued at $326,928,137 over the last quarter. 43.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on INVX shares. Barclays raised their price target on Innovex International from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Weiss Ratings lowered shares of Innovex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Zacks Research cut Innovex International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Finally, Piper Sandler raised their price objective on shares of Innovex International from $20.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.50.

Innovex International Trading Down 0.5%

Innovex International stock opened at $24.27 on Thursday. Innovex International, Inc. has a 52-week low of $11.93 and a 52-week high of $29.48. The company has a market cap of $1.66 billion, a P/E ratio of 20.23 and a beta of 0.75. The company has a quick ratio of 3.24, a current ratio of 4.91 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $25.41 and a two-hundred day simple moving average of $22.50.

Innovex International (NYSE:INVX) last issued its quarterly earnings results on Monday, February 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Innovex International had a return on equity of 6.55% and a net margin of 8.52%.The company had revenue of $273.60 million during the quarter, compared to analysts’ expectations of $240.00 million.

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.