1 week Ago By ABMN Staff
Invesco Ltd. grew its stake in shares of Innovex International, Inc. ( NYSE:INVX – Free Report ) by 175.
8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 332,468 shares of the company’s stock after buying an additional 211,907 shares during the period. Invesco Ltd.
’s holdings in Innovex International were worth $4,645,000 at the end of the most recent reporting period. A number of other institutional investors also recently made changes to their positions in INVX. Barclays PLC acquired a new position in Innovex International in the 3rd quarter valued at about $874,000.
JPMorgan Chase & Co. acquired a new position in shares of Innovex International in the third quarter valued at approximately $2,261,000. Principal Financial Group Inc.
purchased a new position in shares of Innovex International during the third quarter valued at approximately $2,383,000. Moody National Bank Trust Division acquired a new stake in Innovex International during the fourth quarter worth approximately $234,000. Finally, Sanctuary Advisors LLC grew its stake in Innovex International by 20.
5% in the 4th quarter. Sanctuary Advisors LLC now owns 47,146 shares of the company’s stock worth $659,000 after acquiring an additional 8,008 shares during the period. Analyst Upgrades and Downgrades A number of brokerages have weighed in on INVX.
Pickering Energy Partners raised Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays upped their price objective on shares of Innovex International from $15.00 to $16.
00 and gave the company an “underweight” rating in a research note on Wednesday, March 5th. Innovex International Stock Down 0.2 % INVX stock opened at $15.
91 on Friday. The company has a current ratio of 3.87, a quick ratio of 2.
17 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.
10 billion, a P/E ratio of 11.28 and a beta of 0.78.
The business’s fifty day moving average price is $16.84. Innovex International, Inc.
has a 52 week low of $12.54 and a 52 week high of $20.14.
Innovex International ( NYSE:INVX – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.
26 by $0.21. The company had revenue of $250.
69 million during the quarter. Innovex International had a negative return on equity of 0.73% and a net margin of 12.
31%. About Innovex International ( Free Report ) 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.
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