MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 836 Shares of Innovex International, Inc. (NYSE:INVX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Innovex International, Inc. (NYSE:INVX) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,626 shares of the company’s stock after acquiring an additional 836 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Innovex International were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INVX. State of Alaska Department of Revenue raised its position in Innovex International by 8.9% during the fourth quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company’s stock worth $298,000 after acquiring an additional 1,741 shares in the last quarter. Empowered Funds LLC raised its position in Innovex International by 5.0% during the fourth quarter. Empowered Funds LLC now owns 53,745 shares of the company’s stock worth $751,000 after acquiring an additional 2,569 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Innovex International by 9.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the company’s stock worth $254,000 after acquiring an additional 1,500 shares in the last quarter. Legato Capital Management LLC raised its position in Innovex International by 68.6% during the fourth quarter. Legato Capital Management LLC now owns 148,794 shares of the company’s stock worth $2,079,000 after acquiring an additional 60,554 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Innovex International by 4.0% during the fourth quarter. Rhumbline Advisers now owns 112,143 shares of the company’s stock worth $1,567,000 after acquiring an additional 4,297 shares in the last quarter.

Wall Street Analyst Weigh In

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

Innovex International Price Performance

NYSE:INVX opened at $13.81 on Friday. Innovex International, Inc. has a one year low of $11.93 and a one year high of $19.42. The firm has a market capitalization of $952.60 million, a P/E ratio of 9.79 and a beta of 0.80. The company has a fifty day moving average of $15.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87.

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

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.