13,800 Shares in Innovex International, Inc. (NYSE:INVX) Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. bought a new position in Innovex International, Inc. (NYSE:INVX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,800 shares of the company's stock, valued at approximately $193,000.

Several other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new stake in Innovex International during the 4th quarter valued at $63,000. Moody National Bank Trust Division bought a new stake in shares of Innovex International during the 4th quarter valued at $234,000. Louisiana State Employees Retirement System lifted its holdings in Innovex International by 9.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the company's stock worth $254,000 after purchasing an additional 1,500 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Innovex International by 8.9% during the 4th quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company's stock worth $298,000 after purchasing an additional 1,741 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Innovex International by 20.5% in the 4th quarter. Sanctuary Advisors LLC now owns 47,146 shares of the company's stock worth $659,000 after purchasing an additional 8,008 shares during the period.

Innovex International Stock Performance

Innovex International stock traded down $1.06 during midday trading on Monday, hitting $17.25. 267,391 shares of the company's stock were exchanged, compared to its average volume of 426,469. The stock's 50-day moving average price is $15.98. Innovex International, Inc. has a 52-week low of $12.54 and a 52-week high of $25.19. The firm has a market capitalization of $1.16 billion, a P/E ratio of 12.23 and a beta of 0.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87.

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

Insider Transactions at Innovex International

In related news, CFO Kendal Reed acquired 3,765 shares of Innovex International stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $13.28 per share, with a total value of $49,999.20. Following the completion of the purchase, the chief financial officer now owns 186,232 shares of the company's stock, valued at $2,473,160.96. This represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Innovex International from $21.00 to $15.00 and set an "underweight" rating on the stock in a report on Tuesday, November 26th. Pickering Energy Partners upgraded shares of Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th.

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.