Oppenheimer & Close LLC trimmed its position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,725 shares of the company's stock after selling 23,775 shares during the quarter. Oppenheimer & Close LLC owned approximately 0.07% of Innovex International worth $653,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new position in Innovex International in the 3rd quarter worth about $2,383,000. JPMorgan Chase & Co. purchased a new stake in shares of Innovex International in the third quarter valued at approximately $2,261,000. Barclays PLC acquired a new position in shares of Innovex International during the 3rd quarter worth approximately $874,000. Central Pacific Bank Trust Division purchased a new position in shares of Innovex International during the 4th quarter valued at approximately $63,000. Finally, Moody National Bank Trust Division acquired a new stake in Innovex International in the 4th quarter valued at $234,000.
Innovex International Stock Performance
Shares of NYSE INVX traded up $0.07 during mid-day trading on Thursday, reaching $18.18. The company's stock had a trading volume of 151,741 shares, compared to its average volume of 405,589. The firm has a market cap of $1.26 billion, a PE ratio of 12.89 and a beta of 0.83. Innovex International, Inc. has a 1-year low of $12.54 and a 1-year high of $24.09. The business has a 50-day simple moving average of $17.20. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.
Innovex International (NYSE:INVX - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.21. The company 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
A number of research firms have recently commented on INVX. Barclays boosted their target price on shares of Innovex International from $15.00 to $16.00 and gave the stock an "underweight" rating in a research note on Wednesday, March 5th. Pickering Energy Partners raised Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th.
View Our Latest Stock Analysis on INVX
Innovex International Profile
(
Free Report)
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.
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