Price T Rowe Associates Inc. MD Increases Stock Position in Innovex International, Inc. (NYSE:INVX)

Price T Rowe Associates Inc. MD boosted its stake in Innovex International, Inc. (NYSE:INVX) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,880 shares of the company’s stock after purchasing an additional 1,909 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Innovex International were worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. KLP Kapitalforvaltning AS purchased a new position in shares of Innovex International during the fourth quarter worth approximately $88,000. Oregon Public Employees Retirement Fund raised its stake in shares of Innovex International by 9.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock worth $124,000 after acquiring an additional 758 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Innovex International during the fourth quarter worth approximately $142,000. Amalgamated Bank raised its stake in shares of Innovex International by 6.2% during the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company’s stock worth $152,000 after acquiring an additional 630 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in shares of Innovex International by 9.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 12,681 shares of the company’s stock worth $177,000 after acquiring an additional 1,047 shares in the last quarter.

Innovex International Stock Performance

Shares of Innovex International stock opened at $14.98 on Friday. 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 52-week low of $11.93 and a 52-week high of $19.51. The company has a market capitalization of $1.03 billion, a PE ratio of 10.62 and a beta of 0.80. The business has a 50 day moving average price of $16.14.

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

Wall Street Analyst Weigh In

Separately, Barclays decreased their price target on shares of 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 Company 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.