Segall Bryant & Hamill LLC Sells 332,083 Shares of Innovex International, Inc. (NYSE:INVX)

Segall Bryant & Hamill LLC cut its position in Innovex International, Inc. (NYSE:INVX - Free Report) by 53.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 286,278 shares of the company's stock after selling 332,083 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.43% of Innovex International worth $3,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INVX. Barclays PLC bought a new stake in shares of Innovex International during the third quarter valued at approximately $874,000. JPMorgan Chase & Co. acquired a new position in Innovex International during the 3rd quarter worth $2,261,000. Principal Financial Group Inc. acquired a new position in shares of Innovex International during the third quarter valued at $2,383,000. Moody National Bank Trust Division bought a new stake in shares of Innovex International during the fourth quarter valued at about $234,000. Finally, Sanctuary Advisors LLC lifted its holdings in Innovex International by 20.5% in the fourth 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 Price Performance

Shares of NYSE:INVX traded up $0.47 on Tuesday, reaching $18.43. 234,252 shares of the company traded hands, compared to its average volume of 399,375. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The stock has a market cap of $1.28 billion, a PE ratio of 13.07 and a beta of 0.83. The firm has a 50 day simple moving average of $17.23. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $24.09.

Innovex International (NYSE:INVX - Get Free Report) last issued its quarterly 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. The business 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%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INVX. Pickering Energy Partners upgraded Innovex International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Barclays lifted their price objective 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.

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.