AlphaQuest LLC Purchases 13,435 Shares of Innovex International, Inc. (NYSE:INVX)

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

A number of other large investors have also made changes to their positions in INVX. Central Pacific Bank Trust Division bought a new stake in shares of Innovex International during the 4th quarter valued at about $63,000. Oregon Public Employees Retirement Fund grew its stake 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 period. Aigen Investment Management LP purchased a new position in shares of Innovex International during the 4th quarter valued at about $142,000. Amalgamated Bank lifted 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 buying an additional 630 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new position in shares of Innovex International during the 4th quarter valued at about $193,000.

Innovex International Trading Up 2.1 %

NYSE INVX opened at $17.71 on Monday. The business has a 50 day simple moving average of $16.78. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a 12 month low of $12.54 and a 12 month high of $25.19. The stock has a market cap of $1.23 billion, a PE ratio of 12.56 and a beta of 0.83.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INVX. Barclays lifted their price objective 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.

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.