Innovex International, Inc. (NYSE:INVX) Shares Bought by Brandes Investment Partners LP

Brandes Investment Partners LP increased its holdings in Innovex International, Inc. (NYSE:INVX) by 41.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,304,068 shares of the company’s stock after buying an additional 1,841,686 shares during the period. Brandes Investment Partners LP owned about 9.37% of Innovex International worth $88,068,000 as of its most recent filing with the SEC.

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

Innovex International Stock Up 2.1 %

NYSE INVX opened at $17.71 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The firm has a market capitalization of $1.23 billion, a PE ratio of 12.56 and a beta of 0.83. The company has a 50 day simple moving average of $16.72. Innovex International, Inc. has a 12-month low of $12.54 and a 12-month high of $25.19.

Innovex International (NYSE:INVX) last posted its earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. The firm had revenue of $250.69 million during the quarter. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INVX. Barclays boosted their price objective on shares of 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 shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th.

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.