Fisher Asset Management LLC Has $4.41 Million Stake in Innovex International, Inc. $INVX

Fisher Asset Management LLC trimmed its holdings in shares of Innovex International, Inc. (NYSE:INVX) by 11.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 201,668 shares of the company’s stock after selling 27,219 shares during the period. Fisher Asset Management LLC’s holdings in Innovex International were worth $4,410,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of INVX. Wellington Management Group LLP increased its position in Innovex International by 52.4% during the third quarter. Wellington Management Group LLP now owns 2,434,808 shares of the company’s stock worth $45,141,000 after buying an additional 837,027 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Innovex International in the fourth quarter valued at about $12,702,000. Bridgeway Capital Management LLC grew its position in Innovex International by 371.9% during the second quarter. Bridgeway Capital Management LLC now owns 344,178 shares of the company’s stock worth $5,376,000 after buying an additional 271,247 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in Innovex International during the fourth quarter worth about $5,821,000. Finally, Dimensional Fund Advisors LP grew its position in Innovex International by 12.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,153,272 shares of the company’s stock worth $39,921,000 after buying an additional 230,393 shares in the last quarter.

Innovex International Stock Down 2.6%

Shares of INVX opened at $26.93 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 35.90 and a beta of 0.84. The company has a quick ratio of 3.38, a current ratio of 5.10 and a debt-to-equity ratio of 0.02. Innovex International, Inc. has a 12 month low of $13.44 and a 12 month high of $32.25. The company has a 50-day moving average price of $26.74 and a two-hundred day moving average price of $24.91.

Innovex International (NYSE:INVX) last posted its earnings results on Monday, February 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Innovex International had a net margin of 5.31% and a return on equity of 6.72%. The firm had revenue of $273.60 million during the quarter, compared to the consensus estimate of $240.00 million. Equities analysts predict that Innovex International, Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on INVX shares. Barclays raised their price target on shares of Innovex International from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Piper Sandler raised their price target on shares of Innovex International from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Weiss Ratings cut shares of Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Citigroup started coverage on shares of Innovex International in a research note on Thursday, May 7th. They set a “buy” rating and a $35.00 price target for the company. Finally, Zacks Research upgraded shares of Innovex International from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.67.

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.