JPMorgan Chase & Co. reduced its position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 72.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,985 shares of the company's stock after selling 112,047 shares during the period. JPMorgan Chase & Co. owned about 0.06% of Innovex International worth $587,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new stake in Innovex International in the third quarter worth $2,383,000. Barclays PLC bought a new stake in Innovex International in the 3rd quarter valued at about $874,000. Central Pacific Bank Trust Division acquired a new position in Innovex International during the 4th quarter valued at about $63,000. Moody National Bank Trust Division bought a new position in Innovex International in the 4th quarter worth about $234,000. Finally, State of Alaska Department of Revenue grew its position in Innovex International by 8.9% in the 4th quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company's stock worth $298,000 after purchasing an additional 1,741 shares during the last quarter.
Analyst Ratings Changes
A number of equities analysts recently issued reports on INVX shares. Barclays increased their price objective on Innovex International from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Wednesday, March 5th. Pickering Energy Partners upgraded shares of Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th.
View Our Latest Research Report on Innovex International
Innovex International Trading Up 2.7 %
NYSE:INVX traded up $0.41 during midday trading on Friday, hitting $15.77. 298,139 shares of the stock were exchanged, compared to its average volume of 412,561. The company's 50-day moving average price is $16.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The company has a market cap of $1.09 billion, a P/E ratio of 11.18 and a beta of 0.81. Innovex International, Inc. has a one year low of $12.54 and a one year high of $19.80.
Innovex International (NYSE:INVX - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.21. Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%. The firm had revenue of $250.69 million for the quarter.
Innovex International Company Profile
(
Free Report)
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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