Innovex International, Inc. $INVX Shares Acquired by US Bancorp DE

US Bancorp DE grew its stake in Innovex International, Inc. (NYSE:INVX) by 234.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,533 shares of the company’s stock after purchasing an additional 1,074 shares during the period. US Bancorp DE’s holdings in Innovex International were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in INVX. GAMMA Investing LLC boosted its stake in Innovex International by 169.7% during the first quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock worth $38,000 after buying an additional 1,322 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of Innovex International during the 4th quarter worth $145,000. Cetera Investment Advisers purchased a new position in shares of Innovex International during the 4th quarter worth $152,000. Two Sigma Advisers LP acquired a new position in shares of Innovex International during the 4th quarter valued at about $162,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Innovex International by 17.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,880 shares of the company’s stock valued at $180,000 after purchasing an additional 1,909 shares during the period.

Innovex International Price Performance

Innovex International stock opened at $16.02 on Thursday. The company’s 50 day simple moving average is $16.13 and its 200-day simple moving average is $16.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 4.60. Innovex International, Inc. has a 1 year low of $11.93 and a 1 year high of $19.42. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.54 and a beta of 0.79.

Innovex International (NYSE:INVX) last posted its quarterly earnings data 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 analysts’ expectations 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.

Analysts Set New Price Targets

A number of equities analysts have commented on INVX shares. Barclays reduced their target price 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. Wall Street Zen downgraded shares of Innovex International from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Piper Sandler began coverage on Innovex International in a report on Tuesday, July 15th. They issued an “overweight” rating and a $20.00 price objective on the stock. Finally, Johnson Rice upgraded Innovex International to a “strong-buy” rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $16.50.

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.