Varex Imaging Co. (NASDAQ:VREX) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 99.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 338,876 shares of the company's stock after purchasing an additional 168,644 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.84% of Varex Imaging worth $6,947,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System purchased a new position in Varex Imaging during the 4th quarter worth $416,000. Allspring Global Investments Holdings LLC increased its stake in shares of Varex Imaging by 0.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,033,263 shares of the company's stock worth $62,182,000 after acquiring an additional 14,963 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Varex Imaging by 64.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 37,973 shares of the company's stock worth $778,000 after acquiring an additional 14,949 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Varex Imaging during the fourth quarter worth about $20,481,000. Finally, American Century Companies Inc. increased its stake in shares of Varex Imaging by 50.1% during the third quarter. American Century Companies Inc. now owns 26,424 shares of the company's stock worth $497,000 after acquiring an additional 8,821 shares during the period.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Varex Imaging from a "b-" rating to a "c" rating in a research note on Tuesday, February 6th.

Varex Imaging Stock Performance

Shares of Varex Imaging stock traded up $0.07 on Friday, reaching $16.99. 190,291 shares of the stock were exchanged, compared to its average volume of 321,451. Varex Imaging Co. has a 1-year low of $16.62 and a 1-year high of $23.90. The company has a current ratio of 4.30, a quick ratio of 2.37 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average price of $17.43 and a two-hundred day moving average price of $18.65. The firm has a market capitalization of $689.79 million, a PE ratio of 17.72, a PEG ratio of 2.44 and a beta of 0.69.

Varex Imaging (NASDAQ:VREX - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). The company had revenue of $190.00 million for the quarter, compared to analysts' expectations of $187.97 million. Varex Imaging had a return on equity of 9.21% and a net margin of 5.08%. The firm's quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. As a group, research analysts anticipate that Varex Imaging Co. will post 0.99 earnings per share for the current fiscal 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.