Wellington Management Group LLP Buys 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 grew its holdings in VAREX IMAGING (NASDAQ:VREX - Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,545,829 shares of the company's stock after purchasing an additional 86,350 shares during the quarter. Wellington Management Group LLP owned about 3.75% of VAREX IMAGING worth $17,932,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of VREX. Aquatic Capital Management LLC acquired a new position in VAREX IMAGING in the fourth quarter worth $25,000. Point72 Hong Kong Ltd acquired a new position in VAREX IMAGING in the fourth quarter worth $48,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in VAREX IMAGING by 58.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,279 shares of the company's stock worth $131,000 after purchasing an additional 4,139 shares in the last quarter. ProShare Advisors LLC acquired a new position in VAREX IMAGING in the fourth quarter worth $159,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in VAREX IMAGING in the first quarter worth $160,000.

Analysts Set New Price Targets

A number of equities analysts have commented on VREX shares. B. Riley reissued a "buy" rating and issued a $16.00 price objective (up previously from $12.00) on shares of VAREX IMAGING in a research note on Friday, August 8th. Wall Street Zen lowered VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $19.50.

VAREX IMAGING Trading Down 1.1%

VREX stock opened at $11.28 on Wednesday. The company has a market cap of $468.12 million, a P/E ratio of -3.51 and a beta of 0.68. VAREX IMAGING has a twelve month low of $6.76 and a twelve month high of $16.93. The company has a quick ratio of 1.82, a current ratio of 3.51 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $8.68 and a 200-day moving average of $9.48.

VAREX IMAGING (NASDAQ:VREX - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.14. The company had revenue of $203.00 million during the quarter, compared to the consensus estimate 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. As a group, equities research analysts expect that VAREX IMAGING will post 0.53 EPS for the current year.

VAREX IMAGING Company Profile

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.

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