Innovex International, Inc. (NYSE:INVX) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC raised its stake in Innovex International, Inc. (NYSE:INVX) by 68.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,794 shares of the company’s stock after purchasing an additional 60,554 shares during the quarter. Legato Capital Management LLC owned about 0.22% of Innovex International worth $2,079,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in shares of Innovex International in the 3rd quarter worth $2,383,000. JPMorgan Chase & Co. acquired a new stake in Innovex International during the third quarter worth about $2,261,000. Barclays PLC purchased a new position in shares of Innovex International in the 3rd quarter worth about $874,000. Moody National Bank Trust Division acquired a new position in shares of Innovex International in the 4th quarter valued at about $234,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Innovex International in the 4th quarter valued at about $63,000.

Insider Activity at Innovex International

In other news, CFO Kendal Reed bought 3,765 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $13.28 per share, for a total transaction of $49,999.20. Following the completion of the purchase, the chief financial officer now owns 186,232 shares of the company’s stock, valued at $2,473,160.96. This trade represents a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

Innovex International Price Performance

Shares of INVX opened at $16.94 on Wednesday. Innovex International, Inc. has a 12 month low of $12.54 and a 12 month high of $25.19. The stock’s 50-day moving average is $15.14. 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 firm has a market capitalization of $1.14 billion, a PE ratio of 12.01 and a beta of 0.89.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Pickering Energy Partners upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Barclays dropped 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.

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.