119,200 Shares in Innovex International, Inc. (NYSE:INVX) Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 119,200 shares of the company's stock, valued at approximately $1,665,000. Wellington Management Group LLP owned about 0.17% of Innovex International at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC purchased a new stake in shares of Innovex International in the 4th quarter valued at approximately $145,000. Sanctuary Advisors LLC lifted its holdings in Innovex International by 20.5% in the fourth quarter. Sanctuary Advisors LLC now owns 47,146 shares of the company's stock valued at $659,000 after acquiring an additional 8,008 shares during the last quarter. D.A. Davidson & CO. acquired a new position in Innovex International in the fourth quarter valued at approximately $193,000. Cetera Investment Advisers acquired a new position in Innovex International in the fourth quarter valued at approximately $152,000. Finally, Amalgamated Bank lifted its holdings in Innovex International by 6.2% in the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after acquiring an additional 630 shares during the last quarter.

Innovex International Trading Up 3.2%

NYSE INVX traded up $0.48 on Friday, reaching $15.61. The stock had a trading volume of 254,012 shares, compared to its average volume of 406,066. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $15.08 and a two-hundred day moving average price of $15.80. Innovex International, Inc. has a 12-month low of $11.93 and a 12-month high of $19.42. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 11.07 and a beta of 0.79.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on INVX. Johnson Rice raised Innovex International to a "strong-buy" rating in a research note on Friday, May 30th. Barclays decreased their target price 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. Finally, Wall Street Zen raised shares of Innovex International from a "hold" rating to a "buy" rating in a research note on Friday.

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.