Russell Investments Group Ltd. Has $2.16 Million Stock Holdings in VAREX IMAGING $VREX

Key Points

• Russell Investments Group Ltd. has reduced its stake in Varex Imaging by 60.6%, selling over 285,000 shares during the first quarter, leaving it with approximately 185,745 shares valued at around $2.15 million.
• Recent analyst reports show mixed ratings for Varex Imaging, with B. Riley raising its price target from $12.00 to $16.00, while Wall Street Zen downgraded its rating from “strong-buy” to “buy”.
• Varex Imaging's stock is currently trading at $11.40, with an average target price set at $19.50 according to consensus ratings.

Russell Investments Group Ltd. decreased its stake in shares of VAREX IMAGING (NASDAQ:VREX - Free Report) by 60.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,745 shares of the company's stock after selling 285,867 shares during the quarter. Russell Investments Group Ltd. owned about 0.45% of VAREX IMAGING worth $2,155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in VAREX IMAGING by 21.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,779,412 shares of the company's stock worth $31,769,000 after purchasing an additional 481,537 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of VAREX IMAGING by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,640,127 shares of the company's stock valued at $30,625,000 after acquiring an additional 106,412 shares during the period. Cooke & Bieler LP increased its stake in VAREX IMAGING by 18.7% in the 1st quarter. Cooke & Bieler LP now owns 2,122,683 shares of the company's stock valued at $24,623,000 after buying an additional 333,794 shares during the period. Royce & Associates LP boosted its position in shares of VAREX IMAGING by 2.1% in the 1st quarter. Royce & Associates LP now owns 762,733 shares of the company's stock worth $8,848,000 after buying an additional 15,963 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in VAREX IMAGING by 75.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 575,787 shares of the company's stock valued at $6,679,000 after purchasing an additional 247,095 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VREX. B. Riley reaffirmed a "buy" rating and issued a $16.00 price objective (up previously from $12.00) on shares of VAREX IMAGING in a research report on Friday, August 8th. Wall Street Zen lowered VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $19.50.

VAREX IMAGING Stock Performance

VREX stock traded up $0.02 during midday trading on Thursday, hitting $11.47. 323,910 shares of the company traded hands, compared to its average volume of 565,492. The business has a 50 day simple moving average of $8.83 and a 200-day simple moving average of $9.49. The stock has a market capitalization of $476.01 million, a price-to-earnings ratio of -3.57 and a beta of 0.68. The company has a quick ratio of 1.82, a current ratio of 3.51 and a debt-to-equity ratio of 0.78. VAREX IMAGING has a twelve month low of $6.76 and a twelve month high of $16.93.

VAREX IMAGING (NASDAQ:VREX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.14. The business had revenue of $203.00 million for the quarter, compared to the consensus estimate of $190.32 million. VAREX IMAGING had a negative net margin of 16.13% and a positive return on equity of 5.54%. VAREX IMAGING has set its Q4 2025 guidance at 0.100-0.300 EPS. As a group, equities research analysts predict that VAREX IMAGING will post 0.53 earnings per share for the current 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.