Bank of New York Mellon Corp Has $5.62 Million Stock Position in Innovex International, Inc. (NYSE:INVX)

Bank of New York Mellon Corp raised its holdings in Innovex International, Inc. (NYSE:INVX - Free Report) by 20.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,768 shares of the company's stock after acquiring an additional 53,022 shares during the quarter. Bank of New York Mellon Corp owned about 0.45% of Innovex International worth $5,617,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Innovex International by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,626 shares of the company's stock valued at $274,000 after acquiring an additional 836 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Innovex International by 3.3% in the fourth quarter. Prudential Financial Inc. now owns 38,001 shares of the company's stock valued at $531,000 after purchasing an additional 1,200 shares during the period. GAMMA Investing LLC raised its position in shares of Innovex International by 169.7% in the first quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock valued at $38,000 after purchasing an additional 1,322 shares during the period. New York State Teachers Retirement System raised its position in shares of Innovex International by 2.3% in the first 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. Finally, Swiss National Bank raised its position in shares of Innovex International by 2.3% in the fourth quarter. Swiss National Bank now owns 65,500 shares of the company's stock valued at $915,000 after purchasing an additional 1,500 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently commented on INVX. Johnson Rice raised shares of Innovex International to a "strong-buy" rating in a research report on Friday, May 30th. 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 report on Friday, May 9th. Piper Sandler assumed coverage on shares of Innovex International in a research report on Tuesday, July 15th. They issued an "overweight" rating and a $20.00 price target on the stock. Finally, Wall Street Zen lowered shares of Innovex International from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.50.

Innovex International Stock Performance

INVX stock traded up $0.69 on Monday, reaching $17.54. 426,339 shares of the company were exchanged, compared to its average volume of 384,120. Innovex International, Inc. has a 12 month low of $11.93 and a 12 month high of $19.42. The stock's fifty day moving average price is $15.63 and its 200 day moving average price is $16.18. The firm has a market capitalization of $1.21 billion, a PE ratio of 6.69 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.34 and a quick ratio of 2.49.

Innovex International (NYSE:INVX - Get Free Report) last announced its 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). Innovex International had a return on equity of 7.14% and a net margin of 16.68%. The company had revenue of $240.42 million for the quarter, compared to the consensus estimate of $247.73 million.

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.