Dean Investment Associates LLC Grows Position in Innovex International, Inc. (NYSE:INVX)

Dean Investment Associates LLC increased its holdings in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 76.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 244,047 shares of the company's stock after buying an additional 105,502 shares during the quarter. Dean Investment Associates LLC owned 0.36% of Innovex International worth $3,409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in Innovex International during the fourth quarter worth $63,000. KLP Kapitalforvaltning AS bought a new stake in Innovex International during the fourth quarter worth $88,000. Oregon Public Employees Retirement Fund boosted its stake in Innovex International by 9.4% in 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 in the last quarter. Aigen Investment Management LP bought a new stake in shares of Innovex International during the 4th quarter valued at approximately $142,000. Finally, Amalgamated Bank increased its holdings in shares of 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 Up 2.0 %

INVX stock traded up $0.31 during midday trading on Tuesday, reaching $15.79. 86,116 shares of the company's stock traded hands, compared to its average volume of 419,362. Innovex International, Inc. has a 52 week low of $12.54 and a 52 week high of $20.14. The firm has a market capitalization of $1.10 billion, a P/E ratio of 11.20 and a beta of 0.78. The firm has a fifty day simple moving average of $16.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87.

Innovex International (NYSE:INVX - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, beating the consensus estimate 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 company had revenue of $250.69 million during the quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on INVX shares. Barclays lifted their price target on shares of Innovex International from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Wednesday, March 5th. Pickering Energy Partners upgraded Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th.

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.