ProShare Advisors LLC Takes Position in Innovex International, Inc. (NYSE:INVX)

ProShare Advisors LLC purchased a new position in shares of Innovex International, Inc. (NYSE:INVX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,376 shares of the company’s stock, valued at approximately $145,000.

Other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Innovex International during the fourth quarter worth $88,000. Oregon Public Employees Retirement Fund lifted its stake in Innovex International by 9.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock valued at $124,000 after buying an additional 758 shares during the period. Aigen Investment Management LP bought a new position in Innovex International during the fourth quarter worth about $142,000. Amalgamated Bank boosted its holdings in 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 buying an additional 630 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Innovex International during the 4th quarter worth about $152,000.

Innovex International Stock Up 5.3%

Shares of NYSE INVX opened at $14.53 on Tuesday. Innovex International, Inc. has a twelve month low of $11.93 and a twelve month high of $19.42. The company has a market capitalization of $1.00 billion, a PE ratio of 10.30 and a beta of 0.80. 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 stock’s fifty day moving average price is $15.30.

Innovex International (NYSE:INVX) last posted its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million.

Wall Street Analysts Forecast Growth

Separately, Barclays cut 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 report 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.