Bank of Montreal Can Invests $158,000 in Innovex International, Inc. $INVX

Bank of Montreal Can bought a new stake in Innovex International, Inc. (NYSE:INVX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,133 shares of the company’s stock, valued at approximately $158,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE grew its stake in Innovex International by 234.0% in the first 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. Smartleaf Asset Management LLC boosted its holdings in shares of Innovex International by 264.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,375 shares of the company’s stock valued at $60,000 after buying an additional 2,450 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Innovex International by 15.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company’s stock valued at $106,000 after buying an additional 794 shares in the last quarter. Trexquant Investment LP acquired a new position in Innovex International during the first quarter worth $223,000. Finally, Versor Investments LP bought a new stake in Innovex International during the first quarter worth $241,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Innovex International in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Innovex International Stock Up 4.0%

INVX stock opened at $22.76 on Friday. Innovex International, Inc. has a 1-year low of $11.93 and a 1-year high of $22.90. The business’s 50 day simple moving average is $19.24 and its 200 day simple moving average is $17.08. The company has a current ratio of 4.60, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.57 billion, a PE ratio of 7.87 and a beta of 0.77.

Innovex International (NYSE:INVX) last released its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.12) EPS for the quarter. Innovex International had a return on equity of 8.58% and a net margin of 16.66%.The company had revenue of $87.23 million for the quarter.

About Innovex International

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.