Algert Global LLC Boosts Stake in VAREX IMAGING $VREX

Key Points

• Algert Global LLC increased its stake in VAREX IMAGING by 52.9%, acquiring an additional 89,811 shares to bring its total holdings to 259,609 shares valued at approximately $3 million.
• VAREX IMAGING reported $0.18 earnings per share for the last quarter, surpassing analysts' expectations of $0.04, alongside revenue of $203 million which also exceeded estimates.
• Analysts maintain a consensus "Buy" rating for VAREX IMAGING, with B. Riley raising its target price from $12.00 to $16.00, while the average price target stands at $19.50.

Algert Global LLC lifted its stake in shares of VAREX IMAGING (NASDAQ:VREX - Free Report) by 52.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,609 shares of the company's stock after acquiring an additional 89,811 shares during the quarter. Algert Global LLC owned approximately 0.63% of VAREX IMAGING worth $3,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in VREX. Allspring Global Investments Holdings LLC increased its holdings in 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 worth $31,769,000 after purchasing an additional 481,537 shares in the last quarter. Cooke & Bieler LP increased its holdings in VAREX IMAGING by 18.7% in the first quarter. Cooke & Bieler LP now owns 2,122,683 shares of the company's stock worth $24,623,000 after purchasing an additional 333,794 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in 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 acquiring an additional 247,095 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in VAREX IMAGING by 106.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 417,531 shares of the company's stock valued at $6,092,000 after acquiring an additional 215,241 shares during the period. Finally, Nuveen LLC acquired a new stake in VAREX IMAGING in the first quarter valued at approximately $1,873,000.

VAREX IMAGING Stock Performance

Shares of NASDAQ:VREX traded up $0.28 during midday trading on Friday, reaching $11.62. 399,272 shares of the company traded hands, compared to its average volume of 555,419. The company has a quick ratio of 1.82, a current ratio of 3.51 and a debt-to-equity ratio of 0.78. VAREX IMAGING has a 12 month low of $6.76 and a 12 month high of $16.93. The firm has a market capitalization of $482.23 million, a price-to-earnings ratio of -3.62 and a beta of 0.68. The firm's fifty day moving average price is $8.55 and its two-hundred day moving average price is $9.52.

VAREX IMAGING (NASDAQ:VREX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) 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 company 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. On average, equities analysts expect that VAREX IMAGING will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VREX has been the topic of several analyst reports. 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 research report on Friday, August 8th. Wall Street Zen cut VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, VAREX IMAGING has an average rating of "Buy" and an average price target of $19.50.

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.