Cooke & Bieler LP Acquires 333,794 Shares of Varex Imaging (NASDAQ:VREX)

Cooke & Bieler LP lifted its stake in Varex Imaging (NASDAQ:VREX - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,122,683 shares of the company's stock after buying an additional 333,794 shares during the period. Cooke & Bieler LP owned about 5.15% of Varex Imaging worth $24,623,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nuveen Asset Management LLC lifted its stake in Varex Imaging by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 161,344 shares of the company's stock worth $2,354,000 after purchasing an additional 791 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Varex Imaging by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,072 shares of the company's stock worth $322,000 after purchasing an additional 864 shares during the period. Barclays PLC lifted its stake in Varex Imaging by 1.1% during the fourth quarter. Barclays PLC now owns 98,964 shares of the company's stock worth $1,444,000 after purchasing an additional 1,081 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Varex Imaging by 115.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company's stock worth $41,000 after buying an additional 1,520 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Varex Imaging during the fourth quarter worth approximately $25,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. B. Riley raised shares of Varex Imaging to a "strong-buy" rating in a report on Monday, May 12th. Wall Street Zen raised shares of Varex Imaging from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th.

Varex Imaging Price Performance

Shares of Varex Imaging stock traded down $0.61 during midday trading on Friday, reaching $7.24. The company had a trading volume of 440,677 shares, compared to its average volume of 555,271. The company has a current ratio of 4.05, a quick ratio of 2.36 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $298.29 million, a price-to-earnings ratio of -7.03 and a beta of 0.70. The stock has a fifty day simple moving average of $8.07 and a 200 day simple moving average of $10.45. Varex Imaging has a 1-year low of $6.76 and a 1-year high of $16.93.

Varex Imaging (NASDAQ:VREX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.12. The business had revenue of $212.90 million during the quarter, compared to analyst estimates of $206.76 million. Varex Imaging had a negative net margin of 5.08% and a positive return on equity of 4.91%. Varex Imaging's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. As a group, equities research analysts forecast that Varex Imaging will post 0.53 earnings per share for the current 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.