Bridge City Capital LLC Has $2.76 Million Stock Position in Innovex International, Inc. (NYSE:INVX)

Bridge City Capital LLC increased its position in Innovex International, Inc. (NYSE:INVX) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,328 shares of the company’s stock after buying an additional 47,518 shares during the period. Bridge City Capital LLC owned 0.29% of Innovex International worth $2,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in Innovex International in the fourth quarter worth approximately $63,000. KLP Kapitalforvaltning AS acquired a new position in shares of Innovex International during the fourth quarter worth approximately $88,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Innovex International by 9.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock worth $124,000 after purchasing an additional 758 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Innovex International in the 4th quarter valued at $142,000. Finally, Amalgamated Bank increased its stake in Innovex International by 6.2% during the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company’s stock valued at $152,000 after purchasing an additional 630 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Innovex International Price Performance

INVX opened at $17.91 on Friday. Innovex International, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $25.19. The firm’s 50-day moving average price is $17.09. 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 company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 12.70 and a beta of 0.83.

Innovex International (NYSE:INVX) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.47 EPS for the quarter, topping 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.