Nuveen LLC Purchases Shares of 394,731 Innovex International, Inc. $INVX

Key Points

• Nuveen LLC has acquired 394,731 shares of Innovex International, Inc. (NYSE: INVX), valued at approximately $7.1 million, increasing its stake to 0.57% by the end of the most recent reporting period.
• Innovex International reported earnings of $0.28 per share, beating analysts' expectations, and had a revenue of $224.23 million for the quarter, below the consensus estimate of $230.00 million.
• Wall Street analysts have mixed ratings for Innovex International, with a consensus rating of "Buy" and an average price target of $16.50, alongside various adjusted recommendations from different brokerages.

Nuveen LLC acquired a new stake in Innovex International, Inc. (NYSE:INVX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 394,731 shares of the company's stock, valued at approximately $7,089,000. Nuveen LLC owned about 0.57% of Innovex International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INVX. US Bancorp DE boosted its stake in Innovex International by 234.0% in the first quarter. US Bancorp DE now owns 1,533 shares of the company's stock valued at $28,000 after acquiring an additional 1,074 shares during the period. GAMMA Investing LLC boosted its stake in Innovex International by 169.7% in the first quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock valued at $38,000 after acquiring an additional 1,322 shares during the period. PNC Financial Services Group Inc. boosted its stake in Innovex International by 15.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company's stock valued at $106,000 after acquiring an additional 794 shares during the period. ProShare Advisors LLC acquired a new position in Innovex International in the fourth quarter valued at approximately $145,000. Finally, Cetera Investment Advisers acquired a new position in Innovex International in the fourth quarter valued at approximately $152,000.

Analyst Ratings Changes

INVX has been the subject of a number of research reports. Barclays decreased their target price on Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday, May 9th. Wall Street Zen downgraded Innovex International from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Johnson Rice upgraded Innovex International to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Piper Sandler assumed coverage on Innovex International in a research report on Tuesday, July 15th. They set an "overweight" rating and a $20.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Innovex International presently has a consensus rating of "Buy" and a consensus price target of $16.50.

Innovex International Stock Performance

Shares of NYSE INVX traded up $0.01 during midday trading on Friday, hitting $17.24. 259,313 shares of the company's stock were exchanged, compared to its average volume of 355,927. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.60 and a quick ratio of 2.69. The stock's 50 day moving average price is $16.22 and its 200-day moving average price is $16.18. The firm has a market cap of $1.19 billion, a P/E ratio of 5.97 and a beta of 0.79. Innovex International, Inc. has a twelve month low of $11.93 and a twelve month high of $19.42.

Innovex International (NYSE:INVX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $224.23 million during the quarter, compared to the consensus estimate of $230.00 million. Innovex International had a return on equity of 8.58% and a net margin of 16.66%. Innovex International has set its Q3 2025 guidance at EPS.

About Innovex International

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.