Amundi Has $464,000 Stake in Innovex International, Inc. (NYSE:INVX)

Amundi increased its stake in shares of Innovex International, Inc. (NYSE:INVX) by 218.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,770 shares of the company’s stock after acquiring an additional 21,114 shares during the period. Amundi’s holdings in Innovex International were worth $464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Innovex International during the fourth quarter worth $63,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Innovex International by 9.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock worth $124,000 after acquiring an additional 758 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Innovex International during the fourth quarter worth $142,000. Amalgamated Bank raised its holdings in shares of Innovex International by 6.2% during the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company’s stock worth $152,000 after acquiring an additional 630 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in shares of Innovex International during the fourth quarter worth $193,000.

Analysts Set New Price Targets

INVX has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Innovex International from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, March 5th. 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.

Innovex International Trading Down 2.0 %

Innovex International stock opened at $18.39 on Friday. The company has a market capitalization of $1.27 billion, a P/E ratio of 13.04 and a beta of 0.83. Innovex International, Inc. has a 1-year low of $12.54 and a 1-year high of $25.19. The company has a fifty day simple moving average of $17.04. 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 (NYSE:INVX) last announced its quarterly earnings data 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 net margin of 12.31% and a negative return on equity of 0.73%. The company 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.