BNP Paribas Financial Markets Decreases Stock Holdings in Innovex International, Inc. (NYSE:INVX)

BNP Paribas Financial Markets trimmed its position in shares of Innovex International, Inc. (NYSE:INVX) by 92.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,406 shares of the company’s stock after selling 53,421 shares during the period. BNP Paribas Financial Markets’ holdings in Innovex International were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of INVX. Brandes Investment Partners LP raised its holdings in shares of Innovex International by 41.3% during the 4th quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company’s stock worth $88,068,000 after acquiring an additional 1,841,686 shares in the last quarter. Vanguard Group Inc. raised its holdings in Innovex International by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company’s stock valued at $59,554,000 after buying an additional 221,598 shares during the period. Invesco Ltd. raised its holdings in Innovex International by 175.8% during the 4th quarter. Invesco Ltd. now owns 332,468 shares of the company’s stock valued at $4,645,000 after buying an additional 211,907 shares during the period. CenterBook Partners LP raised its holdings in Innovex International by 136.2% during the 4th quarter. CenterBook Partners LP now owns 254,149 shares of the company’s stock valued at $3,550,000 after buying an additional 146,544 shares during the period. Finally, Jane Street Group LLC raised its holdings in Innovex International by 325.4% during the 4th quarter. Jane Street Group LLC now owns 177,512 shares of the company’s stock valued at $2,480,000 after buying an additional 135,780 shares during the period.

Innovex International Stock Performance

NYSE:INVX opened at $14.53 on Tuesday. The firm’s fifty day moving average is $15.30. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $19.42. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 10.30 and a beta of 0.80. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

Innovex International (NYSE:INVX) last released 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). Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%. The business had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $247.73 million.

Wall Street Analyst Weigh In

Separately, Barclays decreased their price target on 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 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.