Deutsche Bank AG Trims Stock Position in Innovex International, Inc. $INVX

Deutsche Bank AG lessened its stake in shares of Innovex International, Inc. (NYSE:INVX) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,748 shares of the company’s stock after selling 3,116 shares during the quarter. Deutsche Bank AG owned about 0.10% of Innovex International worth $1,235,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Innovex International by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 365,669 shares of the company’s stock worth $6,567,000 after buying an additional 20,880 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Innovex International by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 4,306,348 shares of the company’s stock worth $77,342,000 after buying an additional 43,343 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Innovex International during the 1st quarter worth approximately $1,467,000. PNC Financial Services Group Inc. lifted its position in shares of Innovex International by 15.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company’s stock worth $106,000 after buying an additional 794 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Innovex International by 234.0% during the 1st quarter. US Bancorp DE now owns 1,533 shares of the company’s stock worth $28,000 after buying an additional 1,074 shares during the last quarter.

Innovex International Stock Up 3.6%

INVX stock opened at $17.40 on Friday. The company has a fifty day moving average price of $16.15 and a 200 day moving average price of $16.16. Innovex International, Inc. has a 12 month low of $11.93 and a 12 month high of $19.42. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 6.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.60 and a quick ratio of 2.69.

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

Analyst Ratings Changes

INVX has been the subject of several recent analyst reports. Piper Sandler initiated coverage on shares of Innovex International in a research report on Tuesday, July 15th. They set an “overweight” rating and a $20.00 price objective for the company. Wall Street Zen downgraded shares of Innovex International from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Barclays reduced their price target 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. Finally, Johnson Rice upgraded shares of Innovex International to a “strong-buy” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Innovex International presently has a consensus rating of “Buy” and a consensus price target of $16.50.

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.