Globeflex Capital L P bought a new stake in Varex Imaging (NASDAQ:VREX – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 79,192 shares of the company’s stock, valued at approximately $826,000. Globeflex Capital L P owned about 0.19% of Varex Imaging at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of VREX. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Varex Imaging during the 4th quarter worth about $1,247,000. Pzena Investment Management LLC acquired a new stake in Varex Imaging during the second quarter worth approximately $45,312,000. Rice Hall James & Associates LLC acquired a new stake in Varex Imaging during the second quarter worth approximately $15,080,000. LSV Asset Management lifted its position in shares of Varex Imaging by 210.7% during the 4th quarter. LSV Asset Management now owns 1,244,329 shares of the company’s stock worth $14,496,000 after buying an additional 843,805 shares during the last quarter. Finally, JB Capital Partners LP acquired a new position in shares of Varex Imaging in the 2nd quarter valued at $3,535,395,000.
Analyst Upgrades and Downgrades
Several brokerages recently commented on VREX. Wall Street Zen upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Oppenheimer downgraded shares of Varex Imaging from an “outperform” rating to a “market perform” rating in a research note on Monday, August 10th. CJS Securities lowered Varex Imaging from an “outperform” rating to a “market perform” rating in a report on Monday, August 17th. Zacks Research cut Varex Imaging from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Sidoti reissued a “neutral” rating and issued a $19.00 target price on shares of Varex Imaging in a report on Monday, August 10th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $16.88.
Varex Imaging Trading Up 0.1%
NASDAQ VREX opened at $18.52 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 3.38. The firm has a market cap of $779.69 million, a PE ratio of 35.62 and a beta of 0.89. Varex Imaging has a one year low of $9.09 and a one year high of $18.63. The firm’s fifty day moving average is $12.54 and its two-hundred day moving average is $11.86.
Varex Imaging (NASDAQ:VREX – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. Varex Imaging had a net margin of 2.55% and a return on equity of 9.19%. The business had revenue of $210.50 million during the quarter, compared to analysts’ expectations of $215.50 million. Analysts expect that Varex Imaging will post 0.98 earnings per share for the current year.
About Varex Imaging
Varex Imaging Corporation is a global provider of X-ray imaging components and solutions for the medical, security and industrial markets. The company designs, develops and manufactures a broad range of products that convert X-ray energy into high-resolution digital images. Its portfolio includes X-ray tubes, flat panel detectors, digital sensors, specialty radiographic tubes and related software, all engineered to meet the demanding requirements of original equipment manufacturers (OEMs) in diagnostic imaging, computed tomography (CT), fluoroscopy, mammography, dental radiography and non-destructive testing applications.
The company’s medical imaging offerings support a wide spectrum of clinical modalities, from portable radiography systems to advanced CT scanners, enhancing image quality and dose efficiency for healthcare providers.
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