Vanguard Group Inc. Has $59.55 Million Stock Holdings in Innovex International, Inc. (NYSE:INVX)

Vanguard Group Inc. increased its position in shares of Innovex International, Inc. (NYSE:INVX) by 5.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,263,005 shares of the company’s stock after purchasing an additional 221,598 shares during the period. Vanguard Group Inc. owned about 0.06% of Innovex International worth $59,554,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INVX. Bridge City Capital LLC raised its holdings in Innovex International by 31.7% during the fourth quarter. Bridge City Capital LLC now owns 197,328 shares of the company’s stock worth $2,757,000 after buying an additional 47,518 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Innovex International during the fourth quarter worth about $288,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Innovex International in the 4th quarter worth about $88,000. Maryland State Retirement & Pension System lifted its position in Innovex International by 9.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 12,681 shares of the company’s stock valued at $177,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in Innovex International by 84.6% during the 4th quarter. Intech Investment Management LLC now owns 20,794 shares of the company’s stock valued at $290,000 after purchasing an additional 9,531 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Barclays increased their price objective on Innovex International from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 5th. Pickering Energy Partners upgraded Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th.

Innovex International Stock Performance

Shares of INVX stock opened at $15.18 on Friday. 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 company has a market cap of $1.05 billion, a P/E ratio of 10.77 and a beta of 0.78. Innovex International, Inc. has a 52-week low of $12.54 and a 52-week high of $23.30. The stock has a 50-day moving average price of $17.03.

Innovex International (NYSE:INVX) last announced its earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.21. The firm 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.