Amalgamated Bank Grows Position in Innovex International, Inc. (NYSE:INVX)

Amalgamated Bank increased its position in shares of Innovex International, Inc. (NYSE:INVX) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,853 shares of the company’s stock after purchasing an additional 630 shares during the period. Amalgamated Bank’s holdings in Innovex International were worth $152,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INVX. Central Pacific Bank Trust Division purchased a new position in shares of Innovex International during the 4th quarter worth about $63,000. D.A. Davidson & CO. purchased a new stake in Innovex International in the 4th quarter valued at about $193,000. Moody National Bank Trust Division purchased a new stake in Innovex International in the 4th quarter valued at about $234,000. Louisiana State Employees Retirement System boosted its position in Innovex International by 9.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the company’s stock valued at $254,000 after buying an additional 1,500 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Innovex International by 8.9% in the 4th quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company’s stock valued at $298,000 after buying an additional 1,741 shares during the period.

Innovex International Stock Performance

NYSE:INVX opened at $17.00 on Wednesday. Innovex International, Inc. has a one year low of $12.54 and a one year high of $25.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 12.06 and a beta of 0.89. The firm has a 50-day simple moving average of $16.07.

Innovex International (NYSE:INVX) last posted its quarterly 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. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. The business had revenue of $250.69 million during the quarter.

Analyst Upgrades and Downgrades

INVX has been the subject of several research reports. Pickering Energy Partners raised shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays lowered their price objective on shares of Innovex International from $21.00 to $15.00 and set an “underweight” rating for the company in a research report on Tuesday, November 26th.

Insider Activity

In other Innovex International news, CFO Kendal Reed purchased 3,765 shares of Innovex International stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $13.28 per share, for a total transaction of $49,999.20. Following the acquisition, the chief financial officer now owns 186,232 shares in the company, valued at $2,473,160.96. This trade represents a 2.06 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

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.