Victory Capital Management Inc. Has $1.38 Million Stock Position in Innovex International, Inc. (NYSE:INVX)

Victory Capital Management Inc. raised its stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 95.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,039 shares of the company's stock after buying an additional 48,343 shares during the period. Victory Capital Management Inc. owned 0.15% of Innovex International worth $1,384,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in Innovex International during the fourth quarter worth about $63,000. Oregon Public Employees Retirement Fund boosted its holdings in Innovex International by 9.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock valued at $124,000 after purchasing an additional 758 shares in the last quarter. Amalgamated Bank boosted its holdings in Innovex International by 6.2% during the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after purchasing an additional 630 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Innovex International during the fourth quarter valued at approximately $193,000. Finally, Moody National Bank Trust Division acquired a new stake in Innovex International during the fourth quarter valued at approximately $234,000.

Analyst Ratings Changes

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

Innovex International Stock Down 2.2 %

INVX stock traded down $0.41 during trading on Friday, hitting $17.91. The company had a trading volume of 1,017,315 shares, compared to its average volume of 419,215. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The company has a 50-day simple moving average of $17.09. Innovex International, Inc. has a 12 month low of $12.54 and a 12 month high of $25.19. The company has a market cap of $1.24 billion, a PE ratio of 12.70 and a beta of 0.83.

Innovex International (NYSE:INVX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.21. The firm 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%.

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.