Comerica Bank Has $192,000 Stake in Innovex International, Inc. (NYSE:INVX)

Comerica Bank trimmed its holdings in Innovex International, Inc. (NYSE:INVX) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,769 shares of the company’s stock after selling 1,015 shares during the period. Comerica Bank’s holdings in Innovex International were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP lifted its holdings in shares of Innovex International by 41.3% in the fourth quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company’s stock valued at $88,068,000 after purchasing an additional 1,841,686 shares in the last quarter. Vanguard Group Inc. raised its holdings in Innovex International by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company’s stock worth $59,554,000 after acquiring an additional 221,598 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Innovex International by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,940,375 shares of the company’s stock worth $27,107,000 after acquiring an additional 27,726 shares in the last quarter. William Blair Investment Management LLC raised its stake in Innovex International by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,345,885 shares of the company’s stock valued at $18,802,000 after buying an additional 24,944 shares during the period. Finally, Geode Capital Management LLC raised its stake in Innovex International by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 816,945 shares of the company’s stock valued at $11,416,000 after buying an additional 35,611 shares during the period.

Analysts Set New Price Targets

Separately, Barclays dropped their price objective on Innovex International from $16.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, May 9th.

Innovex International Price Performance

Shares of NYSE:INVX opened at $14.98 on Friday. The firm has a market capitalization of $1.03 billion, a P/E ratio of 10.62 and a beta of 0.80. Innovex International, Inc. has a 1 year low of $11.93 and a 1 year high of $19.51. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $16.14.

Innovex International (NYSE:INVX) last issued its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

Innovex International 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.