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

D. E. Shaw & Co. Inc. decreased its stake in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 67.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,671 shares of the company's stock after selling 95,103 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.07% of Innovex International worth $652,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in INVX. State of Alaska Department of Revenue increased its position in shares of Innovex International by 8.9% during the fourth quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company's stock worth $298,000 after acquiring an additional 1,741 shares in the last quarter. Empowered Funds LLC increased its position in shares of Innovex International by 5.0% during the fourth quarter. Empowered Funds LLC now owns 53,745 shares of the company's stock worth $751,000 after acquiring an additional 2,569 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Innovex International by 9.0% during 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 increased its position in shares of Innovex International by 68.6% during 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 in the last quarter.

Analyst Ratings Changes

Separately, Barclays decreased their target price 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 $0.07 during mid-day trading on Thursday, reaching $13.94. The company's stock had a trading volume of 48,852 shares, compared to its average volume of 401,038. The stock has a market cap of $961.57 million, a P/E ratio of 9.89 and a beta of 0.80. Innovex International, Inc. has a 12 month low of $11.93 and a 12 month high of $19.42. The firm's 50 day simple moving average is $15.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17.

Innovex International (NYSE:INVX - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03). The business had revenue of $240.42 million during the quarter, compared to the consensus estimate of $247.73 million. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

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.