Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,459,479 shares of the company's stock after selling 201,685 shares during the quarter. Wellington Management Group LLP owned 3.54% of Varex Imaging worth $21,294,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of VREX. Wealth Enhancement Advisory Services LLC purchased a new position in Varex Imaging during the fourth quarter worth about $190,000. Public Employees Retirement System of Ohio boosted its position in shares of Varex Imaging by 89.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 66,950 shares of the company's stock worth $977,000 after purchasing an additional 31,699 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Varex Imaging by 8.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,466 shares of the company's stock valued at $1,539,000 after purchasing an additional 8,080 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Varex Imaging during the fourth quarter worth $48,000. Finally, ProShare Advisors LLC purchased a new position in shares of Varex Imaging during the fourth quarter worth $159,000.

Varex Imaging Stock Down 0.1%

Shares of NASDAQ:VREX traded down $0.01 during trading on Monday, hitting $7.66. The company's stock had a trading volume of 368,765 shares, compared to its average volume of 581,691. Varex Imaging Co. has a fifty-two week low of $6.76 and a fifty-two week high of $16.93. The business has a 50 day moving average price of $8.38 and a two-hundred day moving average price of $12.08. 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 company has a market capitalization of $315.59 million, a PE ratio of -6.55 and a beta of 0.62.

Varex Imaging (NASDAQ:VREX - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. The firm had revenue of $212.90 million during the quarter, compared to analysts' expectations 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 for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. As a group, research analysts expect that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VREX shares. B. Riley upgraded Varex Imaging to a "strong-buy" rating in a report on Monday, May 12th. Oppenheimer dropped their target price on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Finally, 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.

Insider Buying and Selling

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

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.