Dimensional Fund Advisors LP decreased its position in shares of Varex Imaging (NASDAQ:VREX - Free Report) by 11.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,557,777 shares of the company's stock after selling 207,123 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.72% of Varex Imaging worth $16,527,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. purchased a new position in shares of Varex Imaging in the fourth quarter worth about $27,000. Quarry LP bought a new stake in Varex Imaging during the 3rd quarter valued at $64,000. BNP Paribas Financial Markets lifted its position in shares of Varex Imaging by 18.5% during the second quarter. BNP Paribas Financial Markets now owns 13,045 shares of the company's stock worth $113,000 after acquiring an additional 2,036 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Varex Imaging during the third quarter worth $117,000. Finally, Cerity Partners LLC bought a new position in shares of Varex Imaging in the second quarter worth $123,000.
Analysts Set New Price Targets
A number of brokerages recently issued reports on VREX. Weiss Ratings reissued a "sell (d-)" rating on shares of Varex Imaging in a report on Wednesday, June 24th. Zacks Research cut Varex Imaging from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Wall Street Zen raised shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Saturday, July 4th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $16.17.
Read Our Latest Analysis on VREX
Varex Imaging Stock Performance
Shares of VREX opened at $12.41 on Friday. The company has a current ratio of 3.20, a quick ratio of 1.43 and a debt-to-equity ratio of 0.67. Varex Imaging has a 12-month low of $8.42 and a 12-month high of $14.56. The company has a market cap of $522.46 million, a PE ratio of -6.21 and a beta of 0.89. The stock has a 50-day moving average price of $10.77 and a 200-day moving average price of $11.53.
Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $216.00 million for the quarter, compared to analysts' expectations of $216.92 million. Varex Imaging had a negative net margin of 9.64% and a positive return on equity of 8.19%. As a group, equities analysts forecast that Varex Imaging will post 0.93 earnings per share for the current fiscal 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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