Oppenheimer & Close LLC Trims Stock Holdings in Innovex International, Inc. (NYSE:INVX)

Oppenheimer & Close LLC trimmed its position in Innovex International, Inc. (NYSE:INVX) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,725 shares of the company’s stock after selling 23,775 shares during the period. Oppenheimer & Close LLC owned 0.07% of Innovex International worth $653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new stake in Innovex International in the fourth quarter worth $63,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Innovex International in the fourth quarter worth $88,000. Oregon Public Employees Retirement Fund grew its stake in shares of Innovex International by 9.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company’s stock worth $124,000 after acquiring an additional 758 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Innovex International in the fourth quarter worth $142,000. Finally, Amalgamated Bank grew its stake in shares of Innovex International by 6.2% in the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company’s stock worth $152,000 after acquiring an additional 630 shares during the last quarter.

Analysts Set New Price Targets

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

Innovex International Price Performance

Shares of NYSE:INVX opened at $17.91 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of 12.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. Innovex International, Inc. has a 1 year low of $12.54 and a 1 year high of $25.19. The firm’s fifty day simple moving average is $17.09.

Innovex International (NYSE:INVX) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. The firm 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.