Charles Schwab Investment Management Inc. Trims Stock Position in Innovex International, Inc. (NYSE:INVX)

Charles Schwab Investment Management Inc. reduced its stake in Innovex International, Inc. (NYSE:INVX) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 344,789 shares of the company’s stock after selling 88,305 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Innovex International were worth $4,817,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC boosted its position in shares of Innovex International by 18.3% in the fourth quarter. Fisher Asset Management LLC now owns 348,624 shares of the company’s stock worth $4,870,000 after acquiring an additional 53,930 shares during the last quarter. Acuitas Investments LLC lifted its stake in shares of Innovex International by 56.1% in the fourth quarter. Acuitas Investments LLC now owns 240,309 shares of the company’s stock worth $3,357,000 after acquiring an additional 86,382 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Innovex International by 12.4% during the 4th quarter. Principal Financial Group Inc. now owns 182,458 shares of the company’s stock valued at $2,549,000 after buying an additional 20,102 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Innovex International in the 3rd quarter worth about $2,261,000. Finally, Legato Capital Management LLC increased its holdings in Innovex International by 68.6% in the fourth quarter. Legato Capital Management LLC now owns 148,794 shares of the company’s stock valued at $2,079,000 after buying an additional 60,554 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on INVX shares. Barclays increased their price objective on shares of Innovex International from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 5th. Pickering Energy Partners upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th.

Innovex International Stock Performance

Shares of NYSE:INVX opened at $18.07 on Wednesday. The firm has a market cap of $1.25 billion, a P/E ratio of 12.82 and a beta of 0.83. 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’s fifty day moving average is $17.14. Innovex International, Inc. has a one year low of $12.54 and a one year high of $25.05.

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

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.