Geode Capital Management LLC Has $14.41 Million Stake in Innovex International, Inc. $INVX

Geode Capital Management LLC increased its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 922,305 shares of the company’s stock after buying an additional 45,174 shares during the period. Geode Capital Management LLC owned 1.34% of Innovex International worth $14,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INVX. PNC Financial Services Group Inc. grew its holdings in 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 acquiring an additional 794 shares during the period. US Bancorp DE grew its stake in shares of Innovex International by 234.0% during the first quarter. US Bancorp DE now owns 1,533 shares of the company’s stock worth $28,000 after purchasing an additional 1,074 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Innovex International by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company’s stock worth $379,000 after purchasing an additional 1,467 shares during the period. Swiss National Bank increased its holdings in Innovex International by 2.3% in the first quarter. Swiss National Bank now owns 67,000 shares of the company’s stock valued at $1,203,000 after purchasing an additional 1,500 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Innovex International by 7.1% in the second quarter. State of Alaska Department of Revenue now owns 22,982 shares of the company’s stock valued at $358,000 after buying an additional 1,522 shares during the period.

Innovex International Stock Performance

Shares of Innovex International stock opened at $22.59 on Tuesday. The stock’s fifty day simple moving average is $19.89 and its 200 day simple moving average is $17.41. 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 company has a market capitalization of $1.56 billion, a PE ratio of 7.81 and a beta of 0.77. Innovex International, Inc. has a 12 month low of $11.93 and a 12 month high of $22.99.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Innovex International in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate 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.