Bank of America Corp DE Sells 48,043 Shares of Innovex International, Inc. (NYSE:INVX)

Bank of America Corp DE decreased its holdings in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 36.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,514 shares of the company's stock after selling 48,043 shares during the quarter. Bank of America Corp DE owned about 0.12% of Innovex International worth $1,167,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in INVX. KLP Kapitalforvaltning AS purchased a new stake in shares of Innovex International during the fourth quarter worth about $88,000. Oregon Public Employees Retirement Fund lifted its position in Innovex International by 9.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock worth $124,000 after purchasing an additional 758 shares during the period. Aigen Investment Management LP acquired a new stake in Innovex International in the fourth quarter worth approximately $142,000. Amalgamated Bank increased its holdings in shares of Innovex International by 6.2% in the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after buying an additional 630 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its holdings in shares of Innovex International by 9.0% in the fourth quarter. Maryland State Retirement & Pension System now owns 12,681 shares of the company's stock valued at $177,000 after buying an additional 1,047 shares in the last quarter.

Analyst Upgrades and Downgrades

INVX has been the topic of a number of research reports. Barclays dropped their price target on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research note on Friday, May 9th. Johnson Rice upgraded shares of Innovex International to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Wall Street Zen upgraded shares of Innovex International from a "hold" rating to a "buy" rating in a research note on Friday.

Innovex International Trading Up 3.2%

Shares of INVX stock traded up $0.48 on Friday, hitting $15.61. The stock had a trading volume of 254,012 shares, compared to its average volume of 406,066. Innovex International, Inc. has a twelve month low of $11.93 and a twelve month high of $19.42. The firm has a market cap of $1.08 billion, a P/E ratio of 11.07 and a beta of 0.79. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $15.08 and a two-hundred day moving average price of $15.80.

Innovex International (NYSE:INVX - Get Free Report) last issued 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). The business had revenue of $240.42 million for the quarter, compared to the consensus estimate of $247.73 million. Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%.

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.