Barclays PLC Buys New Stake in Innovex International, Inc. (NYSE:INVX)

Barclays PLC bought a new position in Innovex International, Inc. (NYSE:INVX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 59,523 shares of the company’s stock, valued at approximately $874,000.

Separately, JPMorgan Chase & Co. acquired a new stake in shares of Innovex International in the third quarter valued at about $2,261,000.

Innovex International Price Performance

INVX opened at $17.32 on Thursday. The company has a market capitalization of $1.16 billion, a PE ratio of 12.28 and a beta of 0.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. Innovex International, Inc. has a 1-year low of $12.54 and a 1-year high of $25.19.

Analyst Ratings Changes

Separately, Barclays cut their price objective 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.

Insider Activity at Innovex International

In other news, CFO Kendal Reed bought 3,765 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $13.28 per share, with a total value of $49,999.20. Following the completion of the transaction, the chief financial officer now directly owns 186,232 shares in the company, valued at $2,473,160.96. This 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 is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Innovex International Company 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.