New York State Common Retirement Fund Has $712,000 Stake in Innovex International, Inc. (NYSE:INVX)

New York State Common Retirement Fund grew its position in Innovex International, Inc. (NYSE:INVX) by 26.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,985 shares of the company’s stock after buying an additional 10,550 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Innovex International worth $712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in INVX. Central Pacific Bank Trust Division acquired a new stake in Innovex International in the fourth quarter valued at about $63,000. D.A. Davidson & CO. bought a new position in shares of Innovex International in the fourth quarter worth about $193,000. Moody National Bank Trust Division bought a new position in shares of Innovex International in the fourth quarter worth about $234,000. Louisiana State Employees Retirement System boosted its stake in shares of 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 purchasing an additional 1,500 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake 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 purchasing an additional 1,741 shares during the last quarter.

Innovex International Stock Down 5.8 %

Shares of Innovex International stock opened at $17.25 on Tuesday. The company has a market capitalization of $1.16 billion, a PE ratio of 12.23 and a beta of 0.89. Innovex International, Inc. has a twelve month low of $12.54 and a twelve month high of $25.19. The business has a fifty day simple moving average of $15.98. 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 earnings results on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.26 by $0.21. The firm had revenue of $250.69 million for the quarter. Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on INVX shares. Barclays dropped their price target on Innovex International from $21.00 to $15.00 and set an “underweight” rating for the company in a research note on Tuesday, November 26th. Pickering Energy Partners raised Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th.

Insider Buying and Selling

In other news, CFO Kendal Reed bought 3,765 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $13.28 per share, with a total value of $49,999.20. Following the transaction, the chief financial officer now owns 186,232 shares of the company’s stock, valued at $2,473,160.96. This trade represents a 2.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by insiders.

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.