Jane Street Group LLC Purchases 135,780 Shares of Innovex International, Inc. (NYSE:INVX)

Jane Street Group LLC grew its position in shares of Innovex International, Inc. (NYSE:INVX) by 325.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,512 shares of the company’s stock after purchasing an additional 135,780 shares during the period. Jane Street Group LLC’s holdings in Innovex International were worth $2,480,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INVX. KLP Kapitalforvaltning AS bought a new stake in Innovex International during the fourth quarter worth about $88,000. Oregon Public Employees Retirement Fund lifted 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 acquiring an additional 758 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Innovex International in the 4th quarter valued at about $142,000. Amalgamated Bank lifted its stake in shares of Innovex International by 6.2% in the 4th 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 last quarter. Finally, Maryland State Retirement & Pension System lifted its stake 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 valued at $177,000 after acquiring an additional 1,047 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price on Innovex International from $16.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, May 9th.

Innovex International Stock Performance

INVX stock opened at $14.94 on Friday. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $19.51. The stock’s 50 day moving average price is $16.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The stock has a market cap of $1.03 billion, a P/E ratio of 10.60 and a beta of 0.80.

Innovex International (NYSE:INVX) last posted its quarterly earnings results 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 company had revenue of $240.42 million during 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%.

About Innovex International

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.