Maryland State Retirement & Pension System Boosts Stake in Innovex International, Inc. (NYSE:INVX)

Maryland State Retirement & Pension System lifted its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,681 shares of the company’s stock after acquiring an additional 1,047 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Innovex International were worth $177,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of INVX. Brandes Investment Partners LP increased its stake in shares of Innovex International by 41.3% in the fourth quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company’s stock worth $88,068,000 after buying an additional 1,841,686 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Innovex International by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,345,885 shares of the company’s stock worth $18,802,000 after acquiring an additional 24,944 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Innovex International by 18.3% in the 4th quarter. Fisher Asset Management LLC now owns 348,624 shares of the company’s stock valued at $4,870,000 after purchasing an additional 53,930 shares in the last quarter. Acuitas Investments LLC lifted its position in shares of Innovex International by 56.1% during the fourth quarter. Acuitas Investments LLC now owns 240,309 shares of the company’s stock worth $3,357,000 after purchasing an additional 86,382 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Innovex International by 12.4% in the fourth quarter. Principal Financial Group Inc. now owns 182,458 shares of the company’s stock worth $2,549,000 after purchasing an additional 20,102 shares in the last quarter.

Wall Street Analyst Weigh In

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

Innovex International Price Performance

Shares of INVX stock opened at $18.07 on Wednesday. The firm has a market capitalization of $1.25 billion, a P/E ratio of 12.82 and a beta of 0.83. The company has a 50 day moving average of $17.14. Innovex International, Inc. has a 52 week low of $12.54 and a 52 week high of $25.05. 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 (NYSE:INVX) last released its quarterly earnings data 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 business had revenue of $250.69 million for the quarter. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

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.