Innovex International, Inc. (NYSE:INVX) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Innovex International, Inc. (NYSE:INVX - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816,945 shares of the company's stock after purchasing an additional 35,611 shares during the period. Geode Capital Management LLC owned approximately 1.21% of Innovex International worth $11,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of INVX. Brandes Investment Partners LP raised its holdings in shares of Innovex International by 41.3% during the 4th quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company's stock valued at $88,068,000 after buying an additional 1,841,686 shares during the period. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 221,598 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Innovex International during the 3rd quarter valued at about $2,383,000. JPMorgan Chase & Co. purchased a new stake in shares of Innovex International during the 3rd quarter valued at about $2,261,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Innovex International during the 4th quarter valued at about $1,665,000.

Innovex International Trading Down 0.1 %

NYSE INVX traded down $0.02 during trading hours on Monday, reaching $15.89. 312,602 shares of the company traded hands, compared to its average volume of 417,827. Innovex International, Inc. has a 12 month low of $12.54 and a 12 month high of $20.14. 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 market capitalization of $1.10 billion, a PE ratio of 11.27 and a beta of 0.78. The stock has a 50 day simple moving average of $16.82.

Innovex International (NYSE:INVX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.21. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. The firm had revenue of $250.69 million for the quarter.

Analysts Set New Price Targets

Several brokerages recently commented on INVX. Barclays raised their target price on Innovex International from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Wednesday, March 5th. Pickering Energy Partners upgraded Innovex International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th.

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.