Invesco Ltd. Acquires 121,582 Shares of Innovex International, Inc. $INVX

Invesco Ltd. grew its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 36.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 454,050 shares of the company’s stock after purchasing an additional 121,582 shares during the quarter. Invesco Ltd. owned about 0.66% of Innovex International worth $8,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE raised its holdings 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 valued at $28,000 after purchasing an additional 1,074 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Innovex International by 169.7% during the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock valued at $38,000 after purchasing an additional 1,322 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 valued at $106,000 after purchasing an additional 794 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Innovex International during the 4th quarter valued at $145,000. Finally, Cetera Investment Advisers bought a new position in shares of Innovex International during the 4th quarter valued at $152,000.

Innovex International Stock Performance

Shares of INVX opened at $16.95 on Tuesday. The company has a market capitalization of $1.17 billion, a PE ratio of 5.87 and a beta of 0.79. Innovex International, Inc. has a one year low of $11.93 and a one year high of $19.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.60 and a quick ratio of 2.69. The company’s fifty day moving average price is $16.16 and its 200 day moving average price is $16.17.

Innovex International (NYSE:INVX) last announced its earnings results on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $224.23 million for the quarter, compared to the consensus estimate 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 research analysts have recently weighed in on INVX shares. Wall Street Zen downgraded shares of Innovex International from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Johnson Rice upgraded shares of Innovex International to a “strong-buy” rating in a report on Friday, May 30th. Piper Sandler began coverage on shares of Innovex International in a report on Tuesday, July 15th. They issued an “overweight” rating and a $20.00 target price on the stock. Finally, Barclays dropped their target price on shares of Innovex International from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, May 9th. Two investment 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’s stock. According to data from MarketBeat.com, the stock 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.