Gamco Investors INC. ET AL Lowers Holdings in Innovex International, Inc. (NYSE:INVX)

Gamco Investors INC. ET AL reduced its position in Innovex International, Inc. (NYSE:INVX - Free Report) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,199,160 shares of the company's stock after selling 117,305 shares during the period. Gamco Investors INC. ET AL owned 3.27% of Innovex International worth $30,722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brandes Investment Partners LP raised its holdings in shares of Innovex International by 41.3% during the 4th quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company's stock worth $88,068,000 after acquiring an additional 1,841,686 shares in the last quarter. Vanguard Group Inc. lifted its position in Innovex International by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company's stock valued at $59,554,000 after purchasing an additional 221,598 shares during the last quarter. Invesco Ltd. grew its stake in shares of Innovex International by 175.8% in the 4th quarter. Invesco Ltd. now owns 332,468 shares of the company's stock worth $4,645,000 after buying an additional 211,907 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Innovex International during the 3rd quarter valued at about $2,383,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Innovex International in the 3rd quarter valued at about $2,261,000.

Innovex International Trading Up 4.0 %

Shares of INVX traded up $0.61 during trading hours on Friday, reaching $15.88. 391,789 shares of the company traded hands, compared to its average volume of 425,141. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 11.26 and a beta of 0.78. Innovex International, Inc. has a 12-month low of $12.54 and a 12-month high of $20.14. The stock has a fifty day moving average of $16.93. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01.

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

Analyst Ratings Changes

INVX has been the subject of several analyst reports. Barclays raised their price objective on Innovex International from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Wednesday, March 5th. Pickering Energy Partners upgraded shares of Innovex International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th.

About Innovex International

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.