Maryland State Retirement & Pension System Sells 1,376 Shares of Innovex International, Inc. $INVX

Maryland State Retirement & Pension System reduced its stake in shares of Innovex International, Inc. (NYSE:INVX) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,305 shares of the company’s stock after selling 1,376 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Innovex International were worth $203,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in INVX. Madison Avenue Partners LP raised its holdings in Innovex International by 64.6% in the 4th quarter. Madison Avenue Partners LP now owns 1,686,476 shares of the company’s stock valued at $23,560,000 after acquiring an additional 662,009 shares in the last quarter. Investment Management Associates Inc. ADV acquired a new position in Innovex International in the first quarter worth about $6,937,000. Invesco Ltd. lifted its stake in Innovex International by 175.8% during the fourth quarter. Invesco Ltd. now owns 332,468 shares of the company’s stock worth $4,645,000 after purchasing an additional 211,907 shares during the period. GeoSphere Capital Management LLC bought a new position in shares of Innovex International during the 4th quarter worth approximately $2,794,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Innovex International in the 4th quarter valued at $2,724,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on INVX shares. Barclays dropped their target price on shares of Innovex International from $16.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, May 9th. Piper Sandler began coverage on shares of Innovex International in a research note on Tuesday, July 15th. They issued an “overweight” rating and a $20.00 target price for the company. Wall Street Zen lowered shares of Innovex International from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Finally, Johnson Rice raised Innovex International to a “strong-buy” rating in a report on Friday, May 30th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Innovex International has an average rating of “Buy” and a consensus target price of $16.50.

Innovex International Stock Performance

Shares of INVX opened at $16.24 on Wednesday. The firm has a market cap of $1.12 billion, a P/E ratio of 5.62 and a beta of 0.79. Innovex International, Inc. has a twelve month low of $11.93 and a twelve month high of $19.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 4.60. The firm’s 50 day moving average price is $16.15 and its two-hundred day moving average price is $16.15.

Innovex International (NYSE:INVX) last announced its earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $224.23 million during the quarter, compared to analyst estimates of $230.00 million. Innovex International had a net margin of 16.66% and a return on equity of 8.58%. Innovex International has set its Q3 2025 guidance at EPS.

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.