SCHEDULE 13G/A: Brandes Investment Partners and Affiliates Disclose 9.38% Stake in Innovex International Inc.

Brandes Investment Partners, along with CO-GP, LLC, Brandes Worldwide Holdings, L.P., and Glenn Carlson, have disclosed a collective beneficial ownership of 9.38% of Innovex International Inc.'s Common Stock as of December 31, 2024.

Summary

• Brandes Investment Partners, L.P., CO-GP, LLC, Brandes Worldwide Holdings, L.P., and Glenn Carlson collectively reported beneficial ownership of 6,308,865 shares of Innovex International Inc. Common Stock.
• This aggregate ownership represents 9.38% of the class of securities.
• The reporting persons have shared voting power over 3,652,397 shares and shared dispositive power over 6,308,865 shares.
• The filing is an Amendment No. 1 to Schedule 13G, indicating a previous filing existed.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership, providing no positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing reflects a significant institutional investment in Innovex International Inc., a common occurrence in the financial markets where investment advisers disclose their passive stakes in publicly traded companies. It does not provide broader industry trends.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Brandes Investment Partners and its affiliates may be viewed positively by other shareholders as it indicates confidence from a major investment firm. It also provides transparency regarding the ownership structure.

Key Dates

Keywords

Innovex International Inc., Brandes Investment Partners, Schedule 13G, beneficial ownership, common stock, SEC filing, investment adviser, institutional ownership