PNC Financial Services Group Inc. Has $106,000 Stock Holdings in Innovex International, Inc. $INVX

PNC Financial Services Group Inc. lifted its stake in shares of Innovex International, Inc. (NYSE:INVX) by 15.6% during the first quarter, Holdings Channel reports. The firm owned 5,880 shares of the company’s stock after purchasing an additional 794 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Innovex International were worth $106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. US Bancorp DE raised its position in shares of Innovex International by 234.0% during the first quarter. US Bancorp DE now owns 1,533 shares of the company’s stock worth $28,000 after purchasing an additional 1,074 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Innovex International during the first quarter worth $251,000. New York State Common Retirement Fund raised its position in shares of Innovex International by 5.5% during the first quarter. New York State Common Retirement Fund now owns 53,785 shares of the company’s stock worth $966,000 after purchasing an additional 2,800 shares during the period. Investment Management Associates Inc. ADV acquired a new stake in shares of Innovex International during the first quarter worth $6,937,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Innovex International by 29.0% during the first quarter. Envestnet Asset Management Inc. now owns 37,883 shares of the company’s stock worth $680,000 after purchasing an additional 8,507 shares during the period.

Innovex International Stock Performance

Shares of NYSE INVX opened at $16.24 on Wednesday. The business’s 50-day moving average price is $16.15 and its two-hundred day moving average price is $16.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.60 and a quick ratio of 2.69. Innovex International, Inc. has a one year low of $11.93 and a one year high of $19.42. The company has a market capitalization of $1.12 billion, a P/E ratio of 5.62 and a beta of 0.79.

Innovex International (NYSE:INVX) last issued its earnings results on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Innovex International had a return on equity of 8.58% and a net margin of 16.66%.The firm had revenue of $224.23 million for the quarter, compared to the consensus estimate of $230.00 million. Innovex International has set its Q3 2025 guidance at EPS.

Analysts Set New Price Targets

INVX has been the topic of a number of research analyst reports. Piper Sandler initiated coverage on Innovex International in a report on Tuesday, July 15th. They set an “overweight” rating and a $20.00 price target on the stock. Wall Street Zen downgraded Innovex International from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Barclays lowered their price target on Innovex International from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, May 9th. Finally, Johnson Rice upgraded Innovex International to a “strong-buy” rating in a report on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $16.50.

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.