Hotchkis & Wiley Capital Management LLC Purchases 45,690 Shares of Innovex International, Inc. $INVX

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Innovex International by 6.7% in Q1, now holding 728,350 shares worth approximately $13.08 million.
• Innovex International's stock recently opened at $17.40, showing a market cap of $1.20 billion and a P/E ratio of 6.02, with significant trading momentum reflected in a 3.6% increase.
• Wall Street analysts have given mixed ratings on Innovex International, with consensus showing a "Buy" rating and an average price target of $16.50, despite some firms downgrading their assessments.

Hotchkis & Wiley Capital Management LLC raised its stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 728,350 shares of the company's stock after buying an additional 45,690 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 1.06% of Innovex International worth $13,081,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its position in shares of Innovex International by 264.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,375 shares of the company's stock worth $60,000 after buying an additional 2,450 shares during the period. Wellington Management Group LLP grew its position in shares of Innovex International by 755.9% in the 1st quarter. Wellington Management Group LLP now owns 1,020,266 shares of the company's stock valued at $18,324,000 after purchasing an additional 901,066 shares during the period. Versor Investments LP acquired a new position in shares of Innovex International in the 1st quarter valued at approximately $241,000. American Century Companies Inc. grew its position in shares of Innovex International by 16.7% in the 1st quarter. American Century Companies Inc. now owns 89,045 shares of the company's stock valued at $1,599,000 after purchasing an additional 12,739 shares during the period. Finally, Sei Investments Co. grew its position in shares of Innovex International by 16.7% in the 1st quarter. Sei Investments Co. now owns 34,185 shares of the company's stock valued at $614,000 after purchasing an additional 4,893 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INVX shares. Barclays decreased their price objective 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. Johnson Rice raised Innovex International to a "strong-buy" rating in a research report on Friday, May 30th. 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 target for the company. Finally, Wall Street Zen downgraded Innovex International from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $16.50.

Innovex International Stock Performance

NYSE INVX traded up $0.58 on Thursday, reaching $17.22. The stock had a trading volume of 461,158 shares, compared to its average volume of 404,996. 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 firm has a fifty day moving average of $16.17 and a two-hundred day moving average of $16.18. Innovex International, Inc. has a 1-year low of $11.93 and a 1-year high of $19.42. The company has a market cap of $1.18 billion, a P/E ratio of 5.96 and a beta of 0.79.

Innovex International (NYSE:INVX - Get Free Report) last released its earnings results 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 company had revenue of $224.23 million for the quarter, compared to analyst estimates 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.