Jane Street Group LLC Grows Position in Innovex International, Inc. (NYSE:INVX)

Jane Street Group LLC boosted its stake in Innovex International, Inc. (NYSE:INVX - Free Report) by 325.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 177,512 shares of the company's stock after acquiring an additional 135,780 shares during the quarter. Jane Street Group LLC owned 0.26% of Innovex International worth $2,480,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in INVX. Brandes Investment Partners LP lifted its holdings in Innovex International by 41.3% in the 4th quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company's stock valued at $88,068,000 after purchasing an additional 1,841,686 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Innovex International by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 4,263,005 shares of the company's stock worth $59,554,000 after acquiring an additional 221,598 shares during the period. Invesco Ltd. raised its holdings in shares of Innovex International by 175.8% during the 4th quarter. Invesco Ltd. now owns 332,468 shares of the company's stock worth $4,645,000 after acquiring an additional 211,907 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Innovex International during the 3rd quarter worth $2,261,000. Finally, CenterBook Partners LP raised its holdings in shares of Innovex International by 136.2% during the 4th quarter. CenterBook Partners LP now owns 254,149 shares of the company's stock worth $3,550,000 after acquiring an additional 146,544 shares during the period.

Innovex International Stock Down 1.5%

INVX traded down $0.22 on Monday, reaching $14.71. The company's stock had a trading volume of 361,654 shares, compared to its average volume of 406,962. The company has a market capitalization of $1.01 billion, a P/E ratio of 10.43 and a beta of 0.80. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $19.44. The business has a 50 day simple moving average of $16.14. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

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

Analysts Set New Price Targets

Separately, Barclays cut their price target on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research note on Friday, May 9th.

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.