Wellington Management Group LLP Has $21.29 Million Holdings in Varex Imaging Co. (NASDAQ:VREX)

Wellington Management Group LLP lowered its stake in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 12.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 3.54% of Varex Imaging worth $21,294,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of Varex Imaging by 5.1% during the fourth quarter. Empowered Funds LLC now owns 166,977 shares of the company's stock valued at $2,436,000 after acquiring an additional 8,104 shares during the period. Savant Capital LLC bought a new stake in Varex Imaging in the 4th quarter valued at about $237,000. Principal Financial Group Inc. boosted its stake in Varex Imaging by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 41,144 shares of the company's stock valued at $600,000 after purchasing an additional 3,914 shares during the period. Rice Hall James & Associates LLC grew its position in Varex Imaging by 240.7% in the 4th quarter. Rice Hall James & Associates LLC now owns 328,692 shares of the company's stock worth $4,796,000 after purchasing an additional 232,229 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Varex Imaging by 60.7% in the fourth quarter. New York State Common Retirement Fund now owns 9,531 shares of the company's stock valued at $139,000 after purchasing an additional 3,600 shares during the period.

Varex Imaging Price Performance

VREX traded up $0.35 during trading on Wednesday, reaching $8.26. The stock had a trading volume of 316,777 shares, compared to its average volume of 580,252. The stock has a 50 day moving average of $8.15 and a two-hundred day moving average of $11.99. The company has a quick ratio of 2.50, a current ratio of 4.36 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $340.31 million, a price-to-earnings ratio of -7.06 and a beta of 0.62. Varex Imaging Co. has a 1-year low of $6.76 and a 1-year high of $16.93.

Varex Imaging (NASDAQ:VREX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12. The business had revenue of $212.90 million during 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%. The company's revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. As a group, equities analysts anticipate that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

Insider Activity

In other Varex Imaging news, CEO Sunny Sanyal sold 8,749 shares of the company's 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 sale, the chief executive officer now directly owns 190,193 shares of the company's stock, 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 is available through this hyperlink. Also, SVP Kimberley E. Honeysett sold 4,007 shares of Varex Imaging stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the transaction, the senior vice president now directly owns 4,002 shares in the company, 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. Insiders own 4.30% of the company's stock.

Analyst Upgrades and Downgrades

VREX has been the subject of a number of recent analyst reports. Oppenheimer decreased their price objective on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Wall Street Zen lowered shares of Varex Imaging from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, B. Riley raised shares of Varex Imaging to a "strong-buy" rating in a research note on Monday, May 12th.

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.