Royce & Associates LP Makes New $415,000 Investment in Innovex International, Inc. $INVX

Royce & Associates LP acquired a new position in Innovex International, Inc. (NYSE:INVX) during the fourth quarter, Holdings Channel.com reports. The firm acquired 18,995 shares of the company’s stock, valued at approximately $415,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Heartland Advisors Inc. acquired a new position in Innovex International in the 3rd quarter worth $3,708,000. SG Americas Securities LLC acquired a new position in Innovex International in the 4th quarter worth $12,702,000. Fisher Asset Management LLC lifted its holdings in Innovex International by 69.0% in the 3rd quarter. Fisher Asset Management LLC now owns 228,887 shares of the company’s stock worth $4,244,000 after buying an additional 93,412 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Innovex International in the 4th quarter worth $919,000. Finally, Citigroup Inc. lifted its holdings in Innovex International by 79.8% in the 3rd quarter. Citigroup Inc. now owns 197,020 shares of the company’s stock worth $3,653,000 after buying an additional 87,458 shares in the last quarter.

Wall Street Analyst Weigh In

INVX has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of Innovex International in a report on Thursday, May 7th. They issued a “buy” rating and a $35.00 price objective on the stock. Weiss Ratings lowered shares of Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays boosted their price objective on shares of Innovex International from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Piper Sandler boosted their price objective on shares of Innovex International from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. 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. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Innovex International has a consensus rating of “Moderate Buy” and an average price target of $31.67.

Innovex International Stock Performance

Shares of Innovex International stock opened at $26.68 on Monday. The firm has a market cap of $1.83 billion, a PE ratio of 35.57 and a beta of 0.82. The firm’s 50-day simple moving average is $26.78 and its 200-day simple moving average is $24.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.38 and a current ratio of 5.10. Innovex International, Inc. has a 1 year low of $13.44 and a 1 year high of $32.25.

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.