Marshall Wace LLP Makes New $1.88 Million Investment in Innovex International, Inc. (NYSE:INVX)

Marshall Wace LLP purchased a new position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 134,255 shares of the company's stock, valued at approximately $1,876,000. Marshall Wace LLP owned 0.20% of Innovex International as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of Innovex International in the 3rd quarter valued at $2,383,000. JPMorgan Chase & Co. acquired a new position in shares of Innovex International in the third quarter worth about $2,261,000. Barclays PLC purchased a new stake in shares of Innovex International during the 3rd quarter worth about $874,000. Central Pacific Bank Trust Division acquired a new stake in shares of Innovex International during the 4th quarter valued at about $63,000. Finally, Moody National Bank Trust Division purchased a new position in shares of Innovex International in the 4th quarter valued at about $234,000.

Wall Street Analysts Forecast Growth

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

Innovex International Stock Up 1.6 %

Shares of Innovex International stock traded up $0.25 on Friday, hitting $15.61. 51,993 shares of the company were exchanged, compared to its average volume of 409,529. 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's 50-day moving average is $16.74. The stock has a market cap of $1.08 billion, a PE ratio of 11.07 and a beta of 0.81. Innovex International, Inc. has a 1-year low of $12.54 and a 1-year high of $19.80.

Innovex International (NYSE:INVX - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $250.69 million during the quarter.

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.