Innovex International, Inc. $INVX Stock Position Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in shares of Innovex International, Inc. (NYSE:INVX) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,624 shares of the company’s stock after buying an additional 2,492 shares during the period. New York State Teachers Retirement System’s holdings in Innovex International were worth $994,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Innovex International by 169.7% during the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock worth $38,000 after buying an additional 1,322 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Innovex International by 5.6% during the 1st quarter. Principal Financial Group Inc. now owns 192,628 shares of the company’s stock worth $3,460,000 after purchasing an additional 10,170 shares during the period. Invesco Ltd. lifted its holdings in shares of Innovex International by 36.6% in the 1st quarter. Invesco Ltd. now owns 454,050 shares of the company’s stock worth $8,155,000 after purchasing an additional 121,582 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Innovex International by 29.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 37,883 shares of the company’s stock worth $680,000 after purchasing an additional 8,507 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Innovex International by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 365,669 shares of the company’s stock valued at $6,567,000 after purchasing an additional 20,880 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INVX. Piper Sandler began coverage on Innovex International in a research report on Tuesday, July 15th. They issued an “overweight” rating and a $20.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Innovex International in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Innovex International from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Innovex International has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Innovex International Price Performance

Shares of NYSE:INVX opened at $19.30 on Thursday. The firm’s 50 day moving average is $17.45 and its two-hundred day moving average is $16.22. Innovex International, Inc. has a 52 week low of $11.93 and a 52 week high of $19.64. The firm has a market capitalization of $1.33 billion, a P/E ratio of 6.68 and a beta of 0.74. The company has a current ratio of 4.60, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03.

Innovex International (NYSE:INVX) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.12) EPS for the quarter. Innovex International had a net margin of 16.66% and a return on equity of 8.58%. The firm had revenue of $87.23 million during 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.