Bridge City Capital LLC Has $2.76 Million Stock Holdings in Innovex International, Inc. (NYSE:INVX)

Bridge City Capital LLC grew its holdings in Innovex International, Inc. (NYSE:INVX - Free Report) by 31.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 197,328 shares of the company's stock after purchasing an additional 47,518 shares during the quarter. Bridge City Capital LLC owned about 0.29% of Innovex International worth $2,757,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in INVX. Central Pacific Bank Trust Division acquired a new position in Innovex International during the 4th quarter valued at $63,000. KLP Kapitalforvaltning AS bought a new position in shares of Innovex International during the 4th quarter worth about $88,000. Oregon Public Employees Retirement Fund raised its position in shares of Innovex International by 9.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock valued at $124,000 after buying an additional 758 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Innovex International in the fourth quarter valued at about $142,000. Finally, Amalgamated Bank grew its position in Innovex International by 6.2% during the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company's stock worth $152,000 after buying an additional 630 shares in the last quarter.

Innovex International Stock Performance

Shares of NYSE:INVX traded up $0.07 during midday trading on Thursday, reaching $18.18. 151,741 shares of the company's stock were exchanged, compared to its average volume of 405,589. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The business has a 50 day moving average price of $17.20. Innovex International, Inc. has a 12 month low of $12.54 and a 12 month high of $24.09. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 12.89 and a beta of 0.83.

Innovex International (NYSE:INVX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.21. The firm had revenue of $250.69 million during the quarter. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

Wall Street Analyst Weigh In

Several research firms have commented on INVX. Pickering Energy Partners raised Innovex International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays boosted their price objective on Innovex International from $15.00 to $16.00 and gave the company an "underweight" rating in a research report on Wednesday, March 5th.

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.