AlphaQuest LLC Raises Stock Holdings in Innovex International, Inc. (NYSE:INVX)

AlphaQuest LLC raised its position in shares of Innovex International, Inc. (NYSE:INVX) by 1,438.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,369 shares of the company’s stock after acquiring an additional 13,435 shares during the period. AlphaQuest LLC’s holdings in Innovex International were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of INVX. Central Pacific Bank Trust Division purchased a new stake in shares of Innovex International during the 4th quarter worth approximately $63,000. Oregon Public Employees Retirement Fund increased its position in shares of Innovex International by 9.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock valued at $124,000 after purchasing an additional 758 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Innovex International during the 4th quarter valued at approximately $142,000. Amalgamated Bank increased its position in shares of Innovex International by 6.2% during the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company’s stock valued at $152,000 after purchasing an additional 630 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Innovex International during the 4th quarter valued at approximately $193,000.

Analyst Ratings Changes

INVX has been the topic of several analyst reports. Barclays boosted their target price on Innovex International from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, March 5th. Pickering Energy Partners raised Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th.

Innovex International Stock Up 2.1 %

Shares of Innovex International stock opened at $17.71 on Monday. The firm has a fifty day simple moving average of $16.78. The company has a market cap of $1.23 billion, a P/E ratio of 12.56 and a beta of 0.83. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a 52 week low of $12.54 and a 52 week high of $25.19.

Innovex International (NYSE:INVX) last announced 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.