XTX Topco Ltd raised its position in Innovex International, Inc. (NYSE:INVX - Free Report) by 260.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,471 shares of the company's stock after acquiring an additional 58,147 shares during the period. XTX Topco Ltd owned about 0.12% of Innovex International worth $1,124,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Barclays PLC bought a new stake in shares of Innovex International in the 3rd quarter valued at approximately $874,000. JPMorgan Chase & Co. bought a new position in shares of Innovex International during the third quarter valued at $2,261,000. Principal Financial Group Inc. bought a new stake in shares of Innovex International in the 3rd quarter worth about $2,383,000. Moody National Bank Trust Division bought a new position in Innovex International during the 4th quarter valued at about $234,000. Finally, Sanctuary Advisors LLC boosted its position in Innovex International by 20.5% in the fourth quarter. Sanctuary Advisors LLC now owns 47,146 shares of the company's stock valued at $659,000 after buying an additional 8,008 shares in the last quarter.
Analyst Ratings Changes
Several research analysts have recently commented on INVX shares. Pickering Energy Partners raised Innovex International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays upped their price target on shares of Innovex International from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Wednesday, March 5th.
Read Our Latest Research Report on INVX
Innovex International Trading Down 1.8 %
Shares of Innovex International stock traded down $0.28 during midday trading on Monday, reaching $15.63. The company had a trading volume of 45,353 shares, compared to its average volume of 419,932. The company's fifty day moving average is $16.93. Innovex International, Inc. has a 1-year low of $12.54 and a 1-year high of $20.14. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.08 billion, a P/E ratio of 11.09 and a beta of 0.78.
Innovex International (NYSE:INVX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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%.
About Innovex International
(
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.
Further Reading
Before you consider Innovex International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innovex International wasn't on the list.
While Innovex International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
