D. E. Shaw & Co. Inc. Sells 95,103 Shares of Innovex International, Inc. (NYSE:INVX)

D. E. Shaw & Co. Inc. trimmed its position in Innovex International, Inc. (NYSE:INVX - Free Report) by 67.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,671 shares of the company's stock after selling 95,103 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.07% of Innovex International worth $652,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of Innovex International by 8.9% in the 4th quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company's stock valued at $298,000 after acquiring an additional 1,741 shares during the period. Empowered Funds LLC boosted its position in Innovex International by 5.0% in the 4th quarter. Empowered Funds LLC now owns 53,745 shares of the company's stock valued at $751,000 after buying an additional 2,569 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Innovex International by 9.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the company's stock worth $254,000 after acquiring an additional 1,500 shares in the last quarter. Legato Capital Management LLC grew its stake in shares of Innovex International by 68.6% in the fourth quarter. Legato Capital Management LLC now owns 148,794 shares of the company's stock worth $2,079,000 after acquiring an additional 60,554 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Innovex International by 4.0% during the fourth quarter. Rhumbline Advisers now owns 112,143 shares of the company's stock worth $1,567,000 after acquiring an additional 4,297 shares during the period.

Wall Street Analyst Weigh In

Separately, Barclays decreased their price objective on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, May 9th.

Innovex International Stock Performance

Innovex International stock traded down $0.09 during trading hours on Thursday, reaching $13.92. 327,914 shares of the stock were exchanged, compared to its average volume of 403,873. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The company's 50 day moving average price is $15.45. The stock has a market capitalization of $960.19 million, a PE ratio of 9.87 and a beta of 0.80. Innovex International, Inc. has a 52-week low of $11.93 and a 52-week high of $19.42.

Innovex International (NYSE:INVX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03). The company had revenue of $240.42 million for the quarter, compared to analysts' expectations of $247.73 million. 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.