Acadian Asset Management LLC Purchases New Position in VAREX IMAGING $VREX

Key Points

• Acadian Asset Management LLC acquired a new position in VAREX IMAGING, purchasing 109,321 shares valued at approximately $1,266,000, representing about 0.27% of the company.
• VAREX IMAGING reported $0.18 EPS for the most recent quarter, exceeding analyst expectations, and revenue was $203 million against estimates of $190.32 million.
• Wall Street analysts generally maintain a consensus “Buy” rating for VAREX IMAGING, with a target price of $19.50, despite some lowering their ratings to "buy" from "strong-buy."

Acadian Asset Management LLC acquired a new stake in VAREX IMAGING (NASDAQ:VREX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 109,321 shares of the company's stock, valued at approximately $1,266,000. Acadian Asset Management LLC owned 0.27% of VAREX IMAGING at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VREX. Allspring Global Investments Holdings LLC raised its stake in shares of VAREX IMAGING by 21.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,779,412 shares of the company's stock valued at $31,769,000 after buying an additional 481,537 shares during the period. Vanguard Group Inc. raised its stake in shares of VAREX IMAGING by 4.2% in the first quarter. Vanguard Group Inc. now owns 2,640,127 shares of the company's stock valued at $30,625,000 after buying an additional 106,412 shares during the period. 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 buying an additional 333,794 shares during the period. Wellington Management Group LLP raised its stake in shares of VAREX IMAGING by 5.9% during the 1st quarter. Wellington Management Group LLP now owns 1,545,829 shares of the company's stock valued at $17,932,000 after purchasing an additional 86,350 shares during the period. Finally, Royce & Associates LP lifted its holdings in VAREX IMAGING by 2.1% during the 1st quarter. Royce & Associates LP now owns 762,733 shares of the company's stock worth $8,848,000 after purchasing an additional 15,963 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. B. Riley reaffirmed a "buy" rating and set a $16.00 target price (up previously from $12.00) on shares of VAREX IMAGING in a report on Friday, August 8th. Wall Street Zen downgraded shares of VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $19.50.

VAREX IMAGING Price Performance

NASDAQ VREX traded down $0.06 during trading on Friday, reaching $12.28. The company's stock had a trading volume of 763,745 shares, compared to its average volume of 345,302. The stock has a market capitalization of $509.62 million, a PE ratio of -3.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.51 and a quick ratio of 1.82. The firm has a fifty day moving average of $9.86 and a 200 day moving average of $9.27. VAREX IMAGING has a one year low of $6.76 and a one year high of $16.93.

VAREX IMAGING (NASDAQ:VREX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $190.32 million. VAREX IMAGING has set its Q4 2025 guidance at 0.100-0.300 EPS. Analysts expect that VAREX IMAGING will post 0.53 EPS for the current fiscal year.

VAREX IMAGING Profile

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.