William Blair Investment Management LLC Purchases 24,944 Shares of Innovex International, Inc. (NYSE:INVX)

William Blair Investment Management LLC grew its stake in Innovex International, Inc. (NYSE:INVX) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,345,885 shares of the company’s stock after purchasing an additional 24,944 shares during the period. William Blair Investment Management LLC’s holdings in Innovex International were worth $18,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brandes Investment Partners LP grew its holdings 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. Principal Financial Group Inc. bought a new position in shares of Innovex International during the 3rd quarter worth approximately $2,383,000. JPMorgan Chase & Co. acquired a new stake in Innovex International in the third quarter worth $2,261,000. Acuitas Investments LLC grew its stake in shares of Innovex International by 56.1% in the 4th quarter. Acuitas Investments LLC now owns 240,309 shares of the company’s stock valued at $3,357,000 after buying an additional 86,382 shares during the period. Finally, Legato Capital Management LLC grew its stake in Innovex International by 68.6% in the fourth quarter. Legato Capital Management LLC now owns 148,794 shares of the company’s stock valued at $2,079,000 after acquiring an additional 60,554 shares during the period.

Innovex International Trading Up 2.1 %

NYSE:INVX opened at $18.78 on Thursday. Innovex International, Inc. has a 12 month low of $12.54 and a 12 month high of $25.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The business has a 50 day moving average of $16.90. The company has a market cap of $1.30 billion, a PE ratio of 13.32 and a beta of 0.83.

Innovex International (NYSE:INVX) last released its earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 business had revenue of $250.69 million during the quarter.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on INVX shares. Pickering Energy Partners upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Barclays raised their target price on Innovex International from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, March 5th.

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.