Public Employees Retirement System of Ohio Purchases 31,699 Shares of Varex Imaging Co. (NASDAQ:VREX)

Public Employees Retirement System of Ohio boosted its position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 89.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,950 shares of the company's stock after purchasing an additional 31,699 shares during the period. Public Employees Retirement System of Ohio owned 0.16% of Varex Imaging worth $977,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VREX. Principal Financial Group Inc. lifted its stake in shares of Varex Imaging by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 41,144 shares of the company's stock valued at $600,000 after purchasing an additional 3,914 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Varex Imaging by 84.5% during the 4th quarter. Deutsche Bank AG now owns 31,463 shares of the company's stock worth $459,000 after purchasing an additional 14,407 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Varex Imaging by 111.7% during the 4th quarter. Ameriprise Financial Inc. now owns 157,842 shares of the company's stock worth $2,303,000 after purchasing an additional 83,277 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Varex Imaging by 87.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,030 shares of the company's stock valued at $715,000 after acquiring an additional 22,829 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Varex Imaging in the fourth quarter valued at about $426,000.

Insider Transactions at Varex Imaging

In related news, CEO Sunny Sanyal sold 8,749 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $11.24, for a total value of $98,338.76. Following the transaction, the chief executive officer now directly owns 190,193 shares in the company, valued at $2,137,769.32. This represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kimberley E. Honeysett sold 4,007 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the transaction, the senior vice president now owns 4,002 shares in the company, valued at $51,265.62. This represents a 50.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Varex Imaging from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. B. Riley raised shares of Varex Imaging to a "strong-buy" rating in a research note on Monday, May 12th. Finally, Oppenheimer lowered their target price on shares of Varex Imaging from $30.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th.

Varex Imaging Price Performance

Varex Imaging stock traded up $0.11 during trading hours on Thursday, hitting $8.37. 332,973 shares of the stock were exchanged, compared to its average volume of 579,267. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. The stock has a market capitalization of $344.84 million, a P/E ratio of -7.15 and a beta of 0.62. Varex Imaging Co. has a 12 month low of $6.76 and a 12 month high of $16.93. The business's 50-day moving average is $8.15 and its two-hundred day moving average is $11.99.

Varex Imaging (NASDAQ:VREX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.12. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. The company had revenue of $212.90 million for the quarter, compared to analyst estimates of $206.76 million. During the same period in the prior year, the business earned $0.16 earnings per share. Varex Imaging's quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts expect that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

About Varex Imaging

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.