D.A. Davidson & CO. Purchases Shares of 13,800 Innovex International, Inc. (NYSE:INVX)

D.A. Davidson & CO. acquired a new position in Innovex International, Inc. (NYSE:INVX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,800 shares of the company’s stock, valued at approximately $193,000.

Several other large investors have also recently modified their holdings of the company. Acuitas Investments LLC boosted its stake in Innovex International by 56.1% in the fourth quarter. Acuitas Investments LLC now owns 240,309 shares of the company’s stock valued at $3,357,000 after acquiring an additional 86,382 shares in the last quarter. Principal Financial Group Inc. grew its stake in Innovex International by 12.4% during the 4th quarter. Principal Financial Group Inc. now owns 182,458 shares of the company’s stock worth $2,549,000 after buying an additional 20,102 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Innovex International during the 3rd quarter valued at about $2,261,000. Legato Capital Management LLC increased its position in Innovex International by 68.6% during the 4th 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 in the last quarter. Finally, Rhumbline Advisers raised its stake in Innovex International by 4.0% in the fourth quarter. Rhumbline Advisers now owns 112,143 shares of the company’s stock valued at $1,567,000 after buying an additional 4,297 shares during the last quarter.

Innovex International Stock Performance

Innovex International stock opened at $19.21 on Friday. The company’s 50-day moving average price is $15.74. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.29 billion, a P/E ratio of 13.62 and a beta of 0.89. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $25.19.

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

Insider Buying and Selling at Innovex International

In other news, CFO Kendal Reed bought 3,765 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $13.28 per share, with a total value of $49,999.20. Following the acquisition, the chief financial officer now directly owns 186,232 shares in the company, valued at $2,473,160.96. This trade represents a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on INVX shares. Barclays cut their price objective on shares of Innovex International from $21.00 to $15.00 and set an “underweight” rating on the stock in a report on Tuesday, November 26th. Pickering Energy Partners upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research note 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.