BNP Paribas Financial Markets Has $62,000 Position in Innovex International, Inc. (NYSE:INVX)

BNP Paribas Financial Markets lessened its stake in Innovex International, Inc. (NYSE:INVX - Free Report) by 92.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,406 shares of the company's stock after selling 53,421 shares during the period. BNP Paribas Financial Markets' holdings in Innovex International were worth $62,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in Innovex International during the fourth quarter worth about $88,000. Oregon Public Employees Retirement Fund lifted its stake in Innovex International by 9.4% during 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 bought a new position in Innovex International during the fourth quarter worth about $142,000. Amalgamated Bank lifted its stake in Innovex International by 6.2% during the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company's stock worth $152,000 after purchasing an additional 630 shares during the period. Finally, Maryland State Retirement & Pension System lifted its stake in Innovex International by 9.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 12,681 shares of the company's stock worth $177,000 after purchasing an additional 1,047 shares during the period.

Innovex International Stock Down 1.0%

INVX stock traded down $0.16 during midday trading on Wednesday, reaching $15.31. 422,133 shares of the company's stock traded hands, compared to its average volume of 408,789. The business has a 50-day moving average of $15.24. Innovex International, Inc. has a 1-year low of $11.93 and a 1-year high of $19.42. The stock has a market cap of $1.06 billion, a P/E ratio of 10.86 and a beta of 0.80. 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 released its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $247.73 million.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays cut 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 note on Friday, May 9th. Johnson Rice raised Innovex International to a "strong-buy" rating in a report on Friday, May 30th.

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.