Innovex International, Inc. (NYSE:INVX) Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lifted its stake in Innovex International, Inc. (NYSE:INVX) by 9.0% in the fourth quarter, HoldingsChannel reports. The fund owned 12,681 shares of the company’s stock after purchasing an additional 1,047 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Innovex International were worth $177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC acquired a new position in Innovex International in the third quarter worth approximately $874,000. JPMorgan Chase & Co. acquired a new position in shares of Innovex International in the 3rd quarter worth $2,261,000. Principal Financial Group Inc. acquired a new stake in shares of Innovex International during the third quarter worth $2,383,000. Moody National Bank Trust Division purchased a new stake in shares of Innovex International during the fourth quarter valued at $234,000. Finally, Sanctuary Advisors LLC boosted its position in shares of Innovex International by 20.5% in the 4th quarter. Sanctuary Advisors LLC now owns 47,146 shares of the company’s stock valued at $659,000 after purchasing an additional 8,008 shares during the period.

Innovex International Price Performance

NYSE:INVX opened at $18.07 on Wednesday. The stock has a market cap of $1.25 billion, a PE ratio of 12.82 and a beta of 0.83. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $25.05. 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 firm’s 50-day simple moving average is $17.14.

Innovex International (NYSE:INVX) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.47 earnings per share 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 firm had revenue of $250.69 million for the quarter.

Analyst Ratings Changes

Several brokerages recently commented on INVX. Barclays upped their price target on shares of Innovex International from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, March 5th. Pickering Energy Partners upgraded Innovex International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th.

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.