California State Teachers Retirement System Has $436,000 Holdings in Innovex International, Inc. (NYSE:INVX)

California State Teachers Retirement System decreased its position in Innovex International, Inc. (NYSE:INVX) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,181 shares of the company’s stock after selling 982 shares during the period. California State Teachers Retirement System’s holdings in Innovex International were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of INVX. KLP Kapitalforvaltning AS bought a new position in Innovex International during the fourth quarter worth about $88,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Innovex International by 9.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock worth $124,000 after acquiring an additional 758 shares during the period. Aigen Investment Management LP bought a new stake in shares of Innovex International during the fourth quarter worth approximately $142,000. ProShare Advisors LLC bought a new stake in shares of Innovex International during the fourth quarter worth approximately $145,000. Finally, Amalgamated Bank boosted its holdings in shares of Innovex International by 6.2% during the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company’s stock worth $152,000 after acquiring an additional 630 shares during the period.

Innovex International Stock Up 3.2%

Shares of NYSE:INVX opened at $16.68 on Thursday. The company has a fifty day moving average of $15.08 and a 200-day moving average of $15.81. The company has a market capitalization of $1.15 billion, a PE ratio of 11.83 and a beta of 0.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. Innovex International, Inc. has a 52-week low of $11.93 and a 52-week high of $19.42.

Innovex International (NYSE:INVX) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%. The company had revenue of $240.42 million for the quarter, compared to analyst estimates of $247.73 million.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Innovex International from $16.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, May 9th. Johnson Rice upgraded shares of Innovex International to a “strong-buy” rating in a research report on Friday, May 30th. Finally, Wall Street Zen upgraded shares of Innovex International from a “hold” rating to a “buy” rating in a research report on Friday, June 6th.

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.