Stifel Financial Corp Sells 383,037 Shares of Innovex International, Inc. (NYSE:INVX)

Stifel Financial Corp cut its stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 69.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,437 shares of the company's stock after selling 383,037 shares during the period. Stifel Financial Corp owned 0.25% of Innovex International worth $2,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in INVX. Brandes Investment Partners LP lifted its stake in 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 acquiring an additional 1,841,686 shares during the period. Vanguard Group Inc. raised its stake in Innovex International by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company's stock worth $59,554,000 after purchasing an additional 221,598 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Innovex International by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,940,375 shares of the company's stock valued at $27,107,000 after purchasing an additional 27,726 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Innovex International by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,345,885 shares of the company's stock worth $18,802,000 after purchasing an additional 24,944 shares during the period. Finally, Geode Capital Management LLC increased its stake in Innovex International by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 816,945 shares of the company's stock worth $11,416,000 after purchasing an additional 35,611 shares during the period.

Innovex International Price Performance

Shares of NYSE:INVX traded down $0.80 on Friday, reaching $14.86. 520,857 shares of the company traded hands, compared to its average volume of 412,000. The firm has a 50 day simple moving average of $16.44. 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, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $19.80. The stock has a market cap of $1.03 billion, a PE ratio of 10.54 and a beta of 0.80.

Innovex International (NYSE:INVX - Get Free Report) last released 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). The company had revenue of $240.42 million for the quarter, compared to analyst estimates of $247.73 million. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

Analyst Upgrades and Downgrades

INVX has been the topic of a number of research reports. Pickering Energy Partners upgraded Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Barclays dropped their price objective on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday.

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.