Wellington Management Group LLP Acquires 86,350 Shares of VAREX IMAGING $VREX

Key Points

• Wellington Management Group LLP increased its stake in VAREX IMAGING by 5.9%, acquiring an additional 86,350 shares, bringing its total ownership to about 3.75%, valued at approximately $17.93 million.
• Equities analysts have set a new price target of $16.00 per share for VAREX IMAGING, indicating a positive outlook, with the stock currently having an average price target of $19.50.
• VAREX IMAGING reported earnings of $0.18 per share, significantly exceeding analysts' estimates, and indicated positive future guidance with expectations of posting $0.53 EPS for the current year.

Wellington Management Group LLP lifted its position in shares of VAREX IMAGING (NASDAQ:VREX - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,545,829 shares of the company's stock after acquiring an additional 86,350 shares during the quarter. Wellington Management Group LLP owned approximately 3.75% of VAREX IMAGING worth $17,932,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VREX. Invesco Ltd. boosted its holdings in shares of VAREX IMAGING by 9.0% during the 4th quarter. Invesco Ltd. now owns 122,704 shares of the company's stock valued at $1,790,000 after acquiring an additional 10,086 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of VAREX IMAGING by 5.1% during the 4th quarter. Legal & General Group Plc now owns 46,563 shares of the company's stock valued at $679,000 after acquiring an additional 2,248 shares in the last quarter. Barclays PLC boosted its holdings in shares of VAREX IMAGING by 1.1% during the 4th quarter. Barclays PLC now owns 98,964 shares of the company's stock valued at $1,444,000 after acquiring an additional 1,081 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of VAREX IMAGING during the 4th quarter valued at $224,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of VAREX IMAGING by 8.5% during the 4th quarter. MetLife Investment Management LLC now owns 24,026 shares of the company's stock valued at $351,000 after acquiring an additional 1,890 shares in the last quarter.

VAREX IMAGING Trading Up 0.7%

NASDAQ:VREX traded up $0.08 during trading hours on Monday, hitting $11.55. 151,509 shares of the company were exchanged, compared to its average volume of 545,010. The stock has a market capitalization of $479.33 million, a price-to-earnings ratio of -3.60 and a beta of 0.87. The company has a current ratio of 3.51, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78. VAREX IMAGING has a one year low of $6.76 and a one year high of $16.93. The company has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $9.40.

VAREX IMAGING (NASDAQ:VREX - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $190.32 million. VAREX IMAGING had a positive return on equity of 5.54% and a negative net margin of 16.13%. VAREX IMAGING has set its Q4 2025 guidance at 0.100-0.300 EPS. Sell-side analysts expect that VAREX IMAGING will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen downgraded VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. B. Riley reaffirmed a "buy" rating and set a $16.00 target price (up from $12.00) on shares of VAREX IMAGING in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $19.50.

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.