Lesa Sroufe & Co Grows Stake in Innovex International, Inc. $INVX

Key Points

• Lesa Sroufe & Co increased its stake in Innovex International, Inc. by 31.9%, now holding 114,419 shares valued at approximately $1.79 million.
• Innovex International's stock has a current price of $17.91 and a market cap of $1.23 billion, with a price-to-earnings ratio of 6.20.
• Analyst recommendations for the company vary, with two ratings classified as Strong Buy and one as Sell, resulting in an overall average rating of Moderate Buy and a price target of $16.50.

Lesa Sroufe & Co lifted its stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 31.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,419 shares of the company's stock after purchasing an additional 27,649 shares during the period. Innovex International comprises 1.6% of Lesa Sroufe & Co's investment portfolio, making the stock its 28th biggest position. Lesa Sroufe & Co owned about 0.17% of Innovex International worth $1,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. New York State Teachers Retirement System increased its stake in shares of Innovex International by 4.1% during the second quarter. New York State Teachers Retirement System now owns 63,624 shares of the company's stock worth $994,000 after purchasing an additional 2,492 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Innovex International by 30.3% during the second quarter. Inspire Investing LLC now owns 24,852 shares of the company's stock worth $388,000 after purchasing an additional 5,779 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Innovex International by 7.1% during the second quarter. State of Alaska Department of Revenue now owns 22,982 shares of the company's stock worth $358,000 after purchasing an additional 1,522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Innovex International by 11.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,225 shares of the company's stock worth $1,764,000 after purchasing an additional 10,401 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Innovex International by 8.2% during the first quarter. Empowered Funds LLC now owns 58,131 shares of the company's stock worth $1,044,000 after purchasing an additional 4,386 shares in the last quarter.

Innovex International Stock Up 1.0%

INVX stock opened at $17.91 on Thursday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 6.20 and a beta of 0.74. The company has a current ratio of 4.60, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. Innovex International, Inc. has a 12 month low of $11.93 and a 12 month high of $19.64. The firm has a 50-day moving average of $17.25 and a two-hundred day moving average of $16.18.

Innovex International (NYSE:INVX - Get Free Report) last released its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.12) EPS for the quarter. The business had revenue of $87.23 million during the quarter. Innovex International had a net margin of 16.66% and a return on equity of 8.58%.

Analyst Ratings Changes

A number of analysts have recently commented on INVX shares. Piper Sandler started coverage on shares of Innovex International in a research note on Tuesday, July 15th. They set an "overweight" rating and a $20.00 target price for the company. Wall Street Zen cut shares of Innovex International from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Innovex International in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Innovex International has an average rating of "Moderate 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.

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