Fisher Asset Management LLC Buys 53,930 Shares of Innovex International, Inc. (NYSE:INVX)

Fisher Asset Management LLC increased its stake in Innovex International, Inc. (NYSE:INVX - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 348,624 shares of the company's stock after purchasing an additional 53,930 shares during the period. Fisher Asset Management LLC owned 0.52% of Innovex International worth $4,870,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in INVX. Amalgamated Bank increased its position in Innovex International by 6.2% in the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after acquiring an additional 630 shares during the period. Oregon Public Employees Retirement Fund increased its position in Innovex International by 9.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock valued at $124,000 after acquiring an additional 758 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Innovex International by 5.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 20,878 shares of the company's stock worth $292,000 after buying an additional 1,149 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Innovex International by 9.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the company's stock worth $254,000 after buying an additional 1,500 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Innovex International by 8.9% in the 4th quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company's stock worth $298,000 after buying an additional 1,741 shares in the last quarter.

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Insider Transactions at Innovex International

In other Innovex International news, CFO Kendal Reed purchased 3,765 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $13.28 per share, for a total transaction of $49,999.20. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by insiders.

Innovex International Trading Up 5.5 %

Shares of Innovex International stock traded up $0.98 on Friday, reaching $18.66. 397,016 shares of the company were exchanged, compared to its average volume of 433,389. The business has a fifty day simple moving average of $16.42. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 13.23 and a beta of 0.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $25.19.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays boosted their price objective on Innovex International from $15.00 to $16.00 and gave the stock an "underweight" rating in a research note on Wednesday. Pickering Energy Partners raised 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.