Inspire Investing LLC Lowers Stock Holdings in Innovex International, Inc. $INVX

Inspire Investing LLC lowered its holdings in Innovex International, Inc. (NYSE:INVX) by 32.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,073 shares of the company’s stock after selling 9,018 shares during the period. Inspire Investing LLC’s holdings in Innovex International were worth $343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC purchased a new stake in shares of Innovex International in the fourth quarter valued at $145,000. New York State Teachers Retirement System grew its position in shares of Innovex International by 2.3% in the first quarter. New York State Teachers Retirement System now owns 61,132 shares of the company’s stock valued at $1,098,000 after purchasing an additional 1,399 shares during the period. GAMMA Investing LLC grew its position in shares of Innovex International by 169.7% in the first 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 during the period. Principal Financial Group Inc. grew its position in shares of Innovex International by 5.6% in the first quarter. Principal Financial Group Inc. now owns 192,628 shares of the company’s stock valued at $3,460,000 after purchasing an additional 10,170 shares during the period. Finally, Invesco Ltd. grew its position in shares of Innovex International by 36.6% in the first quarter. Invesco Ltd. now owns 454,050 shares of the company’s stock valued at $8,155,000 after purchasing an additional 121,582 shares during the period.

Innovex International Price Performance

Shares of NYSE INVX opened at $17.33 on Wednesday. Innovex International, Inc. has a 1-year low of $11.93 and a 1-year high of $19.42. The business has a 50-day moving average of $16.49 and a 200-day moving average of $16.15. 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 has a market capitalization of $1.19 billion, a price-to-earnings ratio of 6.00 and a beta of 0.82.

Innovex International (NYSE:INVX) last issued its earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Innovex International had a return on equity of 8.58% and a net margin of 16.66%.The company 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

A number of equities research analysts have recently commented on INVX shares. Johnson Rice raised Innovex International to a “strong-buy” rating in a research report on Friday, May 30th. Piper Sandler began coverage on Innovex International in a research note on Tuesday, July 15th. They set an “overweight” rating and a $20.00 price target for the company. Finally, Wall Street Zen lowered Innovex International from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Two 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 data from MarketBeat.com, Innovex International presently has a consensus rating of “Buy” and a consensus 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.