Segall Bryant & Hamill LLC Sells 332,083 Shares of Innovex International, Inc. (NYSE:INVX)

Segall Bryant & Hamill LLC reduced its position in shares of Innovex International, Inc. (NYSE:INVX) by 53.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 286,278 shares of the company’s stock after selling 332,083 shares during the period. Segall Bryant & Hamill LLC owned 0.43% of Innovex International worth $3,999,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brandes Investment Partners LP lifted its position in Innovex International by 41.3% during the 4th quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company’s stock worth $88,068,000 after acquiring an additional 1,841,686 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Innovex International by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company’s stock worth $59,554,000 after purchasing an additional 221,598 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Innovex International during the 3rd quarter valued at approximately $2,383,000. JPMorgan Chase & Co. acquired a new stake in Innovex International in the 3rd quarter valued at approximately $2,261,000. Finally, Acuitas Investments LLC increased its position in Innovex International by 56.1% in the 4th quarter. Acuitas Investments LLC now owns 240,309 shares of the company’s stock worth $3,357,000 after buying an additional 86,382 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on INVX shares. Pickering Energy Partners raised Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays increased 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.

Innovex International Stock Up 0.4 %

Shares of INVX opened at $18.18 on Friday. The firm’s 50-day moving average price is $17.20. 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 company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.89 and a beta of 0.83. Innovex International, Inc. has a 12-month low of $12.54 and a 12-month high of $24.09.

Innovex International (NYSE:INVX) last released 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. The business 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%.

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.