William Blair Investment Management LLC Grows Stake in Innovex International, Inc. (NYSE:INVX)

William Blair Investment Management LLC boosted its holdings in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,345,885 shares of the company's stock after acquiring an additional 24,944 shares during the quarter. William Blair Investment Management LLC owned about 2.00% of Innovex International worth $18,802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INVX. Clayton Partners LLC purchased a new position in shares of Innovex International during the 4th quarter worth approximately $349,000. Brandes Investment Partners LP lifted its stake in Innovex International by 41.3% during the fourth quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company's stock worth $88,068,000 after purchasing an additional 1,841,686 shares in the last quarter. Swiss National Bank lifted its stake in Innovex International by 2.3% during the fourth quarter. Swiss National Bank now owns 65,500 shares of the company's stock worth $915,000 after purchasing an additional 1,500 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Innovex International by 1,438.4% during the fourth quarter. AlphaQuest LLC now owns 14,369 shares of the company's stock worth $201,000 after buying an additional 13,435 shares during the period. Finally, Amundi grew its stake in shares of Innovex International by 218.7% in the fourth quarter. Amundi now owns 30,770 shares of the company's stock valued at $464,000 after buying an additional 21,114 shares in the last quarter.

Innovex International Stock Performance

Shares of NYSE:INVX traded up $0.22 during trading on Monday, hitting $18.12. The company's stock had a trading volume of 268,925 shares, compared to its average volume of 416,482. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $25.19. The firm's 50 day simple moving average is $17.09. 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 $1.26 billion, a P/E ratio of 12.85 and a beta of 0.83.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INVX shares. Barclays increased their target price on 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 shares of Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th.

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.