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

Public Employees Retirement System of Ohio grew its position in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 89.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,950 shares of the company's stock after buying an additional 31,699 shares during the period. Public Employees Retirement System of Ohio owned 0.16% of Varex Imaging worth $977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nuveen Asset Management LLC raised its stake in Varex Imaging by 0.5% during the 4th quarter. Nuveen Asset Management LLC now owns 161,344 shares of the company's stock valued at $2,354,000 after acquiring an additional 791 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Varex Imaging by 4.1% during the 4th 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 in the last quarter. Barclays PLC grew its holdings in shares of 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 buying an additional 1,081 shares in the last quarter. Isthmus Partners LLC lifted its stake in shares of Varex Imaging by 0.8% during the 4th quarter. Isthmus Partners LLC now owns 149,874 shares of the company's stock worth $2,187,000 after purchasing an additional 1,260 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Varex Imaging by 115.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company's stock valued at $41,000 after acquiring an additional 1,520 shares during the period.

Wall Street Analysts Forecast Growth

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

Varex Imaging Trading Up 0.6%

VREX stock traded up $0.05 during midday trading on Friday, reaching $8.42. The stock had a trading volume of 252,757 shares, compared to its average volume of 580,504. The business has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $11.91. The firm has a market cap of $346.90 million, a price-to-earnings ratio of -7.20 and a beta of 0.66. Varex Imaging Co. has a twelve month low of $6.76 and a twelve month high of $16.93. The company has a quick ratio of 2.50, a current ratio of 4.36 and a debt-to-equity ratio of 1.02.

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

Insider Buying and Selling

In related news, CEO Sunny Sanyal sold 8,749 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $11.24, for a total transaction of $98,338.76. Following the completion of the transaction, the chief executive officer now owns 190,193 shares in the company, valued at approximately $2,137,769.32. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kimberley E. Honeysett sold 4,007 shares of Varex Imaging stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total value of $51,329.67. Following the completion of the transaction, the senior vice president now owns 4,002 shares of the company's stock, valued at approximately $51,265.62. This trade 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 corporate insiders.

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.