Robertson Stephens Wealth Management LLC Takes Position in Innovex International, Inc. (NYSE:INVX)

Robertson Stephens Wealth Management LLC purchased a new position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,193 shares of the company's stock, valued at approximately $1,063,000. Robertson Stephens Wealth Management LLC owned about 0.09% of Innovex International at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Innovex International by 169.7% during 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 last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Innovex International during the 4th quarter valued at approximately $88,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Innovex International by 9.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock valued at $124,000 after purchasing an additional 758 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Innovex International during the 4th quarter valued at approximately $142,000. Finally, ProShare Advisors LLC purchased a new position in shares of Innovex International during the 4th quarter valued at approximately $145,000.

Innovex International Stock Performance

Shares of NYSE:INVX traded down $0.12 during trading on Friday, hitting $16.06. 1,140,161 shares of the stock traded hands, compared to its average volume of 339,687. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 6.13 and a beta of 0.79. The company has a fifty day moving average price of $15.34 and a two-hundred day moving average price of $15.81. The company has a quick ratio of 2.49, a current ratio of 4.34 and a debt-to-equity ratio of 0.02. Innovex International, Inc. has a 52-week low of $11.93 and a 52-week high of $19.42.

Innovex International (NYSE:INVX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $247.73 million.

Wall Street Analysts Forecast Growth

INVX has been the subject of several recent research reports. Wall Street Zen raised shares of Innovex International from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Barclays cut their target price on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Finally, Johnson Rice raised shares of Innovex International to a "strong-buy" rating in a report on Friday, May 30th.

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.