Dimensional Fund Advisors LP Grows Holdings in Innovex International, Inc. (NYSE:INVX)

Dimensional Fund Advisors LP raised its holdings in Innovex International, Inc. (NYSE:INVX - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,940,375 shares of the company's stock after purchasing an additional 27,726 shares during the quarter. Dimensional Fund Advisors LP owned 2.89% of Innovex International worth $27,107,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in shares of Innovex International during the 3rd quarter worth about $2,261,000. Barclays PLC acquired a new stake in Innovex International in the 3rd quarter valued at approximately $874,000. Moody National Bank Trust Division acquired a new stake in Innovex International in the 4th quarter valued at approximately $234,000. State of Alaska Department of Revenue boosted its position in Innovex International by 8.9% in the 4th quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company's stock valued at $298,000 after buying an additional 1,741 shares during the period. Finally, Empowered Funds LLC grew its holdings in Innovex International by 5.0% during the 4th quarter. Empowered Funds LLC now owns 53,745 shares of the company's stock worth $751,000 after acquiring an additional 2,569 shares in the last quarter.

Innovex International Stock Performance

INVX traded up $0.55 on Monday, hitting $15.40. 19,342 shares of the company were exchanged, compared to its average volume of 407,518. 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 business has a fifty day moving average price of $16.44. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $19.51. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.92 and a beta of 0.80.

Innovex International (NYSE:INVX - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. The business had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INVX shares. Pickering Energy Partners raised shares of Innovex International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Barclays reduced their price target on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday.

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.