Swiss National Bank Grows Stock Holdings in Innovex International, Inc. (NYSE:INVX)

Swiss National Bank boosted its holdings in Innovex International, Inc. (NYSE:INVX) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 65,500 shares of the company’s stock after buying an additional 1,500 shares during the period. Swiss National Bank’s holdings in Innovex International were worth $915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of INVX. Central Pacific Bank Trust Division bought a new position in shares of Innovex International in the fourth quarter worth about $63,000. Oregon Public Employees Retirement Fund lifted its holdings in Innovex International by 9.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock worth $124,000 after purchasing an additional 758 shares in the last quarter. Aigen Investment Management LP bought a new position in Innovex International in the 4th quarter worth approximately $142,000. Amalgamated Bank grew its holdings in 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 stake in Innovex International during the 4th quarter valued at approximately $193,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on INVX. 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. Barclays boosted their price target 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.

Innovex International Trading Down 1.3 %

Shares of Innovex International stock opened at $17.92 on Friday. 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, Inc. has a 12 month low of $12.54 and a 12 month high of $24.09. The company’s 50 day moving average price is $17.22. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 12.71 and a beta of 0.83.

Innovex International (NYSE:INVX) last posted its earnings results on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, beating 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 firm had revenue of $250.69 million during the quarter.

Innovex International 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.