Pzena Investment Management LLC Has $36.80 Million Holdings in Varex Imaging $VREX

Pzena Investment Management LLC raised its holdings in shares of Varex Imaging (NASDAQ:VREX) by 11.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,244,977 shares of the company’s stock after buying an additional 442,628 shares during the quarter. Pzena Investment Management LLC owned about 0.10% of Varex Imaging worth $36,804,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VREX. Allspring Global Investments Holdings LLC lifted its holdings in shares of Varex Imaging by 21.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,779,412 shares of the company’s stock worth $31,769,000 after buying an additional 481,537 shares during the last quarter. Cooke & Bieler LP raised its stake in shares of Varex Imaging by 18.7% in the first quarter. Cooke & Bieler LP now owns 2,122,683 shares of the company’s stock valued at $24,623,000 after purchasing an additional 333,794 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Varex Imaging by 75.2% in the first quarter. Rice Hall James & Associates LLC now owns 575,787 shares of the company’s stock valued at $6,679,000 after purchasing an additional 247,095 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Varex Imaging by 237.1% in the first quarter. Cubist Systematic Strategies LLC now owns 275,749 shares of the company’s stock valued at $3,199,000 after purchasing an additional 193,941 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Varex Imaging in the first quarter valued at $1,873,000.

Analysts Set New Price Targets

A number of research analysts recently commented on VREX shares. B. Riley restated a “buy” rating and issued a $16.00 target price (up from $12.00) on shares of Varex Imaging in a research note on Friday, August 8th. Wall Street Zen lowered Varex Imaging from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Varex Imaging in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.50.

Varex Imaging Stock Performance

Shares of NASDAQ:VREX opened at $10.81 on Monday. The business’s fifty day moving average price is $11.14 and its two-hundred day moving average price is $9.20. Varex Imaging has a fifty-two week low of $6.76 and a fifty-two week high of $16.93. The stock has a market capitalization of $448.62 million, a price-to-earnings ratio of -3.37 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.51 and a quick ratio of 1.82.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14. Varex Imaging had a positive return on equity of 5.54% and a negative net margin of 16.13%.The firm had revenue of $203.00 million for the quarter, compared to analysts’ expectations of $190.32 million. Varex Imaging has set its Q4 2025 guidance at 0.100-0.300 EPS. As a group, analysts predict that Varex Imaging will post 0.53 EPS for the current fiscal year.

About Varex Imaging

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.