LPL Financial LLC Acquires New Position in Innovex International, Inc. (NYSE:INVX)

LPL Financial LLC bought a new position in Innovex International, Inc. (NYSE:INVX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,636 shares of the company's stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also recently modified their holdings of INVX. Central Pacific Bank Trust Division purchased a new stake in Innovex International during the 4th quarter valued at $63,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Innovex International during the fourth quarter valued at $88,000. Oregon Public Employees Retirement Fund increased its holdings in Innovex International by 9.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock worth $124,000 after buying an additional 758 shares in the last quarter. Aigen Investment Management LP purchased a new position in Innovex International in the 4th quarter worth about $142,000. Finally, Amalgamated Bank lifted its stake in Innovex International by 6.2% during the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after acquiring an additional 630 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on INVX shares. 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. Barclays lifted their target price 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.

Innovex International Stock Up 2.7 %

NYSE:INVX traded up $0.41 on Friday, hitting $15.77. The stock had a trading volume of 298,139 shares, compared to its average volume of 412,561. The business has a 50-day moving average price of $16.73. The stock has a market cap of $1.09 billion, a PE ratio of 11.18 and a beta of 0.81. Innovex International, Inc. has a 52-week low of $12.54 and a 52-week high of $19.80. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.21. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. The company had revenue of $250.69 million for the quarter.

Innovex International Company 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.