Vanguard Group Inc. Cuts Position in Varex Imaging Co. (NASDAQ:VREX)

Vanguard Group Inc. trimmed its position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 27.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,533,715 shares of the company's stock after selling 949,893 shares during the period. Vanguard Group Inc. owned 6.15% of Varex Imaging worth $36,967,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Isthmus Partners LLC lifted its position in shares of Varex Imaging by 0.8% in the fourth quarter. Isthmus Partners LLC now owns 149,874 shares of the company's stock valued at $2,187,000 after acquiring an additional 1,260 shares in the last quarter. Inspire Advisors LLC lifted its holdings in Varex Imaging by 22.5% in the 4th quarter. Inspire Advisors LLC now owns 17,334 shares of the company's stock worth $253,000 after purchasing an additional 3,185 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Varex Imaging by 60.7% during the 4th quarter. New York State Common Retirement Fund now owns 9,531 shares of the company's stock valued at $139,000 after buying an additional 3,600 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Varex Imaging by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 41,144 shares of the company's stock valued at $600,000 after buying an additional 3,914 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Varex Imaging by 0.5% during the third quarter. Geode Capital Management LLC now owns 929,004 shares of the company's stock worth $11,076,000 after acquiring an additional 4,211 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have commented on VREX shares. B. Riley reissued a "buy" rating and set a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a report on Friday, February 7th. Oppenheimer cut their target price on shares of Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, StockNews.com raised shares of Varex Imaging from a "hold" rating to a "buy" rating in a research note on Friday, February 7th.

Varex Imaging Price Performance

Shares of Varex Imaging stock traded up $0.16 during trading hours on Friday, reaching $7.32. The stock had a trading volume of 826,169 shares, compared to its average volume of 560,786. The stock's 50 day moving average is $11.35 and its 200 day moving average is $13.08. The company has a current ratio of 4.36, a quick ratio of 2.50 and a debt-to-equity ratio of 1.02. Varex Imaging Co. has a twelve month low of $7.11 and a twelve month high of $17.46. The firm has a market capitalization of $301.58 million, a PE ratio of -6.26 and a beta of 0.65.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. Equities analysts expect that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Varex Imaging

In other news, SVP Kimberley E. Honeysett sold 4,007 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 4,002 shares of the company's stock, valued at approximately $51,265.62. This represents a 50.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sunny Sanyal sold 8,749 shares of the company's stock in a transaction on 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 owns 190,193 shares of the company's stock, valued at approximately $2,137,769.32. This trade represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.30% of the company's stock.

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.