Charles Schwab Investment Management Inc. Buys 20,880 Shares of Innovex International, Inc. $INVX

Key Points

• Charles Schwab Investment Management increased its stake in Innovex International by 6.1%, owning 365,669 shares valued at approximately $6.57 million.
• Several institutional investors have also significantly boosted their positions in Innovex International, with US Bancorp DE increasing its stake by 234% in the first quarter.
• Innovex International's stock opened at $16.72 and has a market cap of $1.15 billion, with recent quarterly earnings reporting an EPS of $0.28.

Charles Schwab Investment Management Inc. raised its stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 365,669 shares of the company's stock after purchasing an additional 20,880 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.53% of Innovex International worth $6,567,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new position in Innovex International during the 4th quarter valued at $145,000. New York State Teachers Retirement System increased its position in Innovex International by 2.3% during the 1st quarter. New York State Teachers Retirement System now owns 61,132 shares of the company's stock valued at $1,098,000 after purchasing an additional 1,399 shares during the period. GAMMA Investing LLC grew its position in shares of Innovex International by 169.7% in the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock worth $38,000 after buying an additional 1,322 shares during the period. Principal Financial Group Inc. grew its position in shares of Innovex International by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 192,628 shares of the company's stock worth $3,460,000 after buying an additional 10,170 shares during the period. Finally, Millennium Management LLC grew its position in shares of Innovex International by 56.8% in the 4th quarter. Millennium Management LLC now owns 83,951 shares of the company's stock worth $1,173,000 after buying an additional 30,402 shares during the period.

Innovex International Stock Up 0.1%

INVX stock traded up $0.01 during trading on Friday, hitting $17.24. 259,313 shares of the stock traded hands, compared to its average volume of 355,927. Innovex International, Inc. has a 1 year low of $11.93 and a 1 year high of $19.42. The firm's 50 day moving average is $16.22 and its two-hundred day moving average is $16.18. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 5.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.60 and a quick ratio of 2.69.

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

Analyst Ratings Changes

INVX has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, May 9th. Johnson Rice raised shares of Innovex International to a "strong-buy" rating in a research report on Friday, May 30th. Wall Street Zen downgraded shares of Innovex International from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Piper Sandler initiated coverage on shares of Innovex International in a research report on Tuesday, July 15th. They issued an "overweight" rating and a $20.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $16.50.

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.