Fisher Asset Management LLC Raises Stake in Innovex International, Inc. (NYSE:INVX)

Fisher Asset Management LLC increased its holdings in Innovex International, Inc. (NYSE:INVX) by 18.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 348,624 shares of the company’s stock after buying an additional 53,930 shares during the period. Fisher Asset Management LLC’s holdings in Innovex International were worth $4,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of INVX. Barclays PLC acquired a new stake in shares of Innovex International in the third quarter worth $874,000. JPMorgan Chase & Co. acquired a new position in Innovex International during the third quarter valued at $2,261,000. Principal Financial Group Inc. purchased a new stake in Innovex International in the third quarter valued at $2,383,000. Moody National Bank Trust Division acquired a new stake in Innovex International during the 4th quarter worth about $234,000. Finally, Sanctuary Advisors LLC raised its stake in shares of Innovex International by 20.5% during the 4th quarter. Sanctuary Advisors LLC now owns 47,146 shares of the company’s stock valued at $659,000 after buying an additional 8,008 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays decreased their price target on Innovex International from $21.00 to $15.00 and set an “underweight” rating for the company in a report on Tuesday, November 26th. Pickering Energy Partners raised shares of Innovex International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th.

Insider Buying and Selling

In related news, CFO Kendal Reed purchased 3,765 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $13.28 per share, with a total value of $49,999.20. Following the purchase, the chief financial officer now owns 186,232 shares of the company’s stock, valued at $2,473,160.96. This represents a 2.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is owned by insiders.

Innovex International Stock Down 1.4 %

INVX stock opened at $17.00 on Wednesday. Innovex International, Inc. has a 52-week low of $12.54 and a 52-week high of $25.19. 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 cap of $1.14 billion, a price-to-earnings ratio of 12.06 and a beta of 0.89. The stock’s 50-day moving average price is $16.07.

Innovex International (NYSE:INVX) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.26 by $0.21. The company had revenue of $250.69 million for the quarter. Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%.

About Innovex International

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.