William Blair Investment Management LLC Has $18.80 Million Stock Holdings in Innovex International, Inc. (NYSE:INVX)

William Blair Investment Management LLC grew its position in Innovex International, Inc. (NYSE:INVX) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,345,885 shares of the company’s stock after acquiring an additional 24,944 shares during the quarter. William Blair Investment Management LLC owned 2.00% of Innovex International worth $18,802,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Barclays PLC acquired a new position in shares of Innovex International in the 3rd quarter valued at $874,000. JPMorgan Chase & Co. bought a new stake in shares of Innovex International in the 3rd quarter worth about $2,261,000. Principal Financial Group Inc. acquired a new stake in shares of Innovex International during the 3rd quarter worth about $2,383,000. Moody National Bank Trust Division bought a new position in Innovex International during the 4th quarter valued at about $234,000. Finally, Sanctuary Advisors LLC boosted its position in Innovex International by 20.5% in the fourth quarter. Sanctuary Advisors LLC now owns 47,146 shares of the company’s stock valued at $659,000 after buying an additional 8,008 shares in the last quarter.

Analyst Ratings Changes

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

Innovex International Trading Up 2.1 %

Innovex International stock opened at $18.78 on Thursday. The firm has a market cap of $1.30 billion, a P/E ratio of 13.32 and a beta of 0.83. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a 1 year low of $12.54 and a 1 year high of $25.19. The company’s 50-day simple moving average is $16.90.

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

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.