Innovex International, Inc. (NYSE:INVX) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its position in Innovex International, Inc. (NYSE:INVX - Free Report) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,552 shares of the company's stock after selling 83,378 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.40% of Innovex International worth $3,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in Innovex International during the 4th quarter worth $88,000. Oregon Public Employees Retirement Fund boosted its position in Innovex International by 9.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock worth $124,000 after acquiring an additional 758 shares during the period. Aigen Investment Management LP acquired a new position in Innovex International during the 4th quarter worth $142,000. Amalgamated Bank boosted its position in Innovex International by 6.2% during the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company's stock worth $152,000 after acquiring an additional 630 shares during the period. Finally, Maryland State Retirement & Pension System boosted its position in Innovex International by 9.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 12,681 shares of the company's stock worth $177,000 after acquiring an additional 1,047 shares during the period.

Innovex International Stock Down 0.5%

INVX stock traded down $0.07 during trading on Friday, reaching $13.81. 626,950 shares of the company's stock were exchanged, compared to its average volume of 401,692. 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, Inc. has a 1-year low of $11.93 and a 1-year high of $19.42. The company has a fifty day simple moving average of $15.37. The stock has a market capitalization of $952.60 million, a price-to-earnings ratio of 9.79 and a beta of 0.80.

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

Analysts Set New Price Targets

Separately, Barclays reduced their price target on Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, May 9th.

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.