Segall Bryant & Hamill LLC Sells 332,083 Shares of Innovex International, Inc. (NYSE:INVX)

Segall Bryant & Hamill LLC reduced its stake in Innovex International, Inc. (NYSE:INVX) by 53.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 286,278 shares of the company’s stock after selling 332,083 shares during the period. Segall Bryant & Hamill LLC’s holdings in Innovex International were worth $3,999,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of INVX. Amalgamated Bank grew its position in Innovex International by 6.2% in the fourth quarter. Amalgamated Bank now owns 10,853 shares of the company’s stock valued at $152,000 after acquiring an additional 630 shares during the period. Oregon Public Employees Retirement Fund boosted its stake 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 valued at $124,000 after purchasing an additional 758 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Innovex International by 9.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 12,681 shares of the company’s stock worth $177,000 after purchasing an additional 1,047 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Innovex International by 5.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 20,878 shares of the company’s stock worth $292,000 after purchasing an additional 1,149 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Innovex International by 3.3% during the 4th quarter. Prudential Financial Inc. now owns 38,001 shares of the company’s stock worth $531,000 after purchasing an additional 1,200 shares in the last quarter.

Innovex International Stock Performance

Shares of NYSE:INVX opened at $18.18 on Friday. The firm has a fifty day simple moving average of $17.20. 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 twelve month low of $12.54 and a twelve month high of $24.09. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.89 and a beta of 0.83.

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

Wall Street Analysts Forecast Growth

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

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.