Stifel Financial Corp Has $2.35 Million Stock Holdings in Innovex International, Inc. (NYSE:INVX)

Stifel Financial Corp lowered its holdings in Innovex International, Inc. (NYSE:INVX) by 69.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 168,437 shares of the company’s stock after selling 383,037 shares during the quarter. Stifel Financial Corp owned 0.25% of Innovex International worth $2,353,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in INVX. Amalgamated Bank lifted its stake in shares of Innovex International by 6.2% in the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company’s stock valued at $152,000 after buying an additional 630 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Innovex International by 9.4% in the 4th 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. Maryland State Retirement & Pension System grew its holdings in shares of Innovex International by 9.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 12,681 shares of the company’s stock worth $177,000 after purchasing an additional 1,047 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Innovex International by 5.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 20,878 shares of the company’s stock valued at $292,000 after purchasing an additional 1,149 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Innovex International by 3.3% in the fourth quarter. Prudential Financial Inc. now owns 38,001 shares of the company’s stock valued at $531,000 after purchasing an additional 1,200 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INVX. Barclays boosted their price target on shares of Innovex International from $15.00 to $16.00 and gave the company 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 Price Performance

Shares of INVX stock opened at $15.77 on Monday. 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 company has a fifty day moving average of $16.73. Innovex International, Inc. has a one year low of $12.54 and a one year high of $19.80. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 11.18 and a beta of 0.81.

Innovex International (NYSE:INVX) last posted its earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share for the quarter, topping 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 for 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.