BlackRock Inc. bought a new position in Varex Imaging (NASDAQ:VREX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,894,891 shares of the company's stock, valued at approximately $40,624,000. BlackRock Inc. owned about 9.25% of Varex Imaging at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. raised its position in shares of Varex Imaging by 2.2% in the 4th quarter. Franklin Resources Inc. now owns 57,720 shares of the company's stock worth $672,000 after purchasing an additional 1,261 shares during the last quarter. SG Americas Securities LLC grew its position in Varex Imaging by 4.4% during the 1st quarter. SG Americas Securities LLC now owns 30,202 shares of the company's stock valued at $320,000 after purchasing an additional 1,272 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Varex Imaging by 10.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,302 shares of the company's stock valued at $133,000 after purchasing an additional 1,442 shares during the last quarter. Deutsche Bank AG increased its stake in Varex Imaging by 5.7% during the 4th quarter. Deutsche Bank AG now owns 27,459 shares of the company's stock valued at $320,000 after purchasing an additional 1,477 shares in the last quarter. Finally, Comerica Bank increased its stake in Varex Imaging by 9.3% during the 3rd quarter. Comerica Bank now owns 20,363 shares of the company's stock valued at $253,000 after purchasing an additional 1,726 shares in the last quarter.
Wall Street Analyst Weigh In
VREX has been the topic of several analyst reports. Weiss Ratings upgraded shares of Varex Imaging from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 26th. Zacks Research downgraded shares of Varex Imaging from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Sidoti restated a "neutral" rating and issued a $19.00 price objective on shares of Varex Imaging in a report on Monday, August 10th. B. Riley Financial cut Varex Imaging from a "buy" rating to a "hold" rating in a research report on Monday, August 10th. Finally, CJS Securities downgraded Varex Imaging from an "outperform" rating to a "market perform" rating in a research note on Monday, August 17th. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.88.
Check Out Our Latest Stock Analysis on Varex Imaging
Varex Imaging Price Performance
Shares of NASDAQ:VREX opened at $18.47 on Wednesday. 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 $777.59 million, a price-to-earnings ratio of 35.52 and a beta of 0.89. The business has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $12.05. Varex Imaging has a fifty-two week low of $9.09 and a fifty-two week high of $18.63.
Varex Imaging (NASDAQ:VREX - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. The firm had revenue of $210.50 million during the quarter, compared to analyst estimates of $215.50 million. Varex Imaging had a net margin of 2.55% and a return on equity of 9.19%. On average, analysts expect that Varex Imaging will post 1.04 earnings per share for the current year.
Varex Imaging Profile
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Free Report)
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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