Oregon Public Employees Retirement Fund Raises Stock Position in Innovex International, Inc. (NYSE:INVX)

Oregon Public Employees Retirement Fund boosted its stake in Innovex International, Inc. (NYSE:INVX) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,852 shares of the company’s stock after purchasing an additional 758 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Innovex International were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in INVX. Central Pacific Bank Trust Division purchased a new position in shares of Innovex International in the 4th quarter worth $63,000. Amalgamated Bank lifted its holdings in 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 acquiring an additional 630 shares during the period. D.A. Davidson & CO. bought a new position in Innovex International in the fourth quarter valued at about $193,000. Moody National Bank Trust Division purchased a new position in Innovex International in the fourth quarter worth about $234,000. Finally, Louisiana State Employees Retirement System grew its stake in shares of Innovex International by 9.0% during 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 during the period.

Innovex International Stock Performance

NYSE:INVX opened at $18.29 on Monday. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $15.98. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.97 and a beta of 0.89. Innovex International, Inc. has a 52-week low of $12.54 and a 52-week high of $25.19.

Innovex International (NYSE:INVX) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%. The company had revenue of $250.69 million during the quarter.

Insider Transactions at Innovex International

In other Innovex International news, CFO Kendal Reed bought 3,765 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $13.28 per share, for a total transaction of $49,999.20. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on INVX. Barclays lowered their price objective on shares of Innovex International from $21.00 to $15.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 26th. Pickering Energy Partners upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research 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.