JPMorgan Chase & Co. Has $587,000 Position in Innovex International, Inc. (NYSE:INVX)

JPMorgan Chase & Co. lowered its position in Innovex International, Inc. (NYSE:INVX - Free Report) by 72.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in INVX. Central Pacific Bank Trust Division acquired a new position in Innovex International in the 4th quarter worth $63,000. KLP Kapitalforvaltning AS bought a new position in shares of Innovex International during the fourth quarter worth about $88,000. Oregon Public Employees Retirement Fund raised its position in Innovex International by 9.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock valued at $124,000 after buying an additional 758 shares during the last quarter. Aigen Investment Management LP bought a new stake in Innovex International in the 4th quarter valued at approximately $142,000. Finally, Amalgamated Bank boosted its position in Innovex International by 6.2% during the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company's stock worth $152,000 after acquiring an additional 630 shares during the last quarter.

Wall Street Analyst Weigh In

INVX has been the topic of a number of recent research reports. Pickering Energy Partners upgraded shares of Innovex International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays upped their price objective on Innovex International from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Wednesday, March 5th.

Innovex International Stock Down 1.4 %

Shares of NYSE INVX traded down $0.21 during mid-day trading on Tuesday, reaching $15.08. 311,468 shares of the company were exchanged, compared to its average volume of 409,401. Innovex International, Inc. has a twelve month low of $12.54 and a twelve month high of $19.80. The company has a market capitalization of $1.05 billion, a PE ratio of 10.70 and a beta of 0.81. The firm's 50-day moving average is $16.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17.

Innovex International (NYSE:INVX - Get Free Report) last posted its 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 net margin of 12.31% and a negative return on equity of 0.73%.

Innovex International 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.