Innovex International, Inc. (NYSE:INVX) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in Innovex International, Inc. (NYSE:INVX - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,059 shares of the company's stock after selling 24,700 shares during the period. Renaissance Technologies LLC owned 0.08% of Innovex International worth $727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC purchased a new stake in Innovex International during the third quarter valued at about $874,000. JPMorgan Chase & Co. acquired a new position in shares of Innovex International in the 3rd quarter valued at about $2,261,000. Principal Financial Group Inc. purchased a new stake in shares of Innovex International during the 3rd quarter worth about $2,383,000. Moody National Bank Trust Division acquired a new stake in shares of Innovex International in the fourth quarter worth $234,000. Finally, Sanctuary Advisors LLC raised its stake in shares of Innovex International by 20.5% in the 4th 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 period.

Innovex International Stock Up 2.7 %

Shares of INVX traded up $0.41 during mid-day trading on Friday, hitting $15.77. The stock had a trading volume of 298,139 shares, compared to its average volume of 412,561. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $19.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The stock has a market capitalization of $1.09 billion, a P/E ratio of 11.18 and a beta of 0.81. The company's fifty day moving average price is $16.73.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INVX. 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. Barclays raised their target price 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 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.