Northern Trust Corp Has $5.37 Million Stake in Innovex International, Inc. (NYSE:INVX)

Northern Trust Corp increased its stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 384,077 shares of the company's stock after buying an additional 29,535 shares during the quarter. Northern Trust Corp owned 0.57% of Innovex International worth $5,366,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Brandes Investment Partners LP lifted its holdings in shares of Innovex International by 41.3% during the fourth quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company's stock valued at $88,068,000 after acquiring an additional 1,841,686 shares during the period. Vanguard Group Inc. lifted its holdings in Innovex International by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company's stock valued at $59,554,000 after purchasing an additional 221,598 shares during the last quarter. Invesco Ltd. boosted its position in Innovex International by 175.8% in the fourth quarter. Invesco Ltd. now owns 332,468 shares of the company's stock valued at $4,645,000 after buying an additional 211,907 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Innovex International during the third quarter worth about $2,261,000. Finally, CenterBook Partners LP increased its holdings in shares of Innovex International by 136.2% during the fourth quarter. CenterBook Partners LP now owns 254,149 shares of the company's stock worth $3,550,000 after buying an additional 146,544 shares in the last quarter.

Innovex International Price Performance

Shares of NYSE INVX traded up $0.02 during midday trading on Monday, hitting $14.10. The stock had a trading volume of 340,811 shares, compared to its average volume of 405,490. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $19.42. The stock has a market cap of $972.60 million, a price-to-earnings ratio of 10.00 and a beta of 0.80. The stock has a 50-day simple moving average of $15.70.

Innovex International (NYSE:INVX - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million.

Analyst Ratings Changes

Separately, Barclays decreased their target price on Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, May 9th.

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.