Varian Medical Systems, Inc. (NYSE:VAR) insider Kolleen T. Kennedy sold 543 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $137.61, for a total value of $74,722.23. Following the sale, the insider now owns 27,633 shares of the company’s stock, valued at approximately $3,802,577.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE:VAR opened at $135.15 on Friday. The company has a market cap of $12.68 billion, a P/E ratio of 30.58, a PEG ratio of 3.76 and a beta of 0.86. The company has a fifty day simple moving average of $132.64. Varian Medical Systems, Inc. has a 1 year low of $101.42 and a 1 year high of $142.50.
Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings data on Wednesday, April 24th. The medical equipment provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.11). The business had revenue of $779.40 million during the quarter, compared to the consensus estimate of $776.28 million. Varian Medical Systems had a net margin of 12.59% and a return on equity of 24.40%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. On average, sell-side analysts predict that Varian Medical Systems, Inc. will post 4.64 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Permanens Capital L.P. purchased a new position in shares of Varian Medical Systems during the 1st quarter valued at $28,000. Global Retirement Partners LLC lifted its position in shares of Varian Medical Systems by 121.9% during the 4th quarter. Global Retirement Partners LLC now owns 355 shares of the medical equipment provider’s stock valued at $40,000 after buying an additional 195 shares during the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Varian Medical Systems during the 4th quarter valued at $54,000. Berman Capital Advisors LLC purchased a new position in shares of Varian Medical Systems during the 4th quarter valued at $63,000. Finally, Bessemer Group Inc. lifted its position in shares of Varian Medical Systems by 3,189.5% during the 4th quarter. Bessemer Group Inc. now owns 625 shares of the medical equipment provider’s stock valued at $71,000 after buying an additional 606 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.
VAR has been the subject of several recent research reports. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Monday, April 29th. Barrington Research upped their price target on Varian Medical Systems from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. UBS Group reiterated a “buy” rating and set a $124.00 price target on shares of Cie Gnrl des Etblsmnts Michelin SCA in a report on Thursday, April 25th. Robert W. Baird upped their price target on Hibbett Sports from $16.00 to $23.00 and gave the stock a “positive” rating in a report on Friday, March 22nd. Finally, Citigroup downgraded BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $143.33.
Varian Medical Systems Company Profile
Varian Medical Systems, Inc designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. It operates through two segments, Oncology Systems and Proton Solutions. The Oncology Systems segment offers hardware and software products for treating cancer with radiotherapy, fixed field intensity-modulated radiation therapy, image-guided radiation therapy, volumetric modulated arc therapy, stereotactic radiosurgery, stereotactic body radiotherapy, and brachytherapy, as well as related quality assurance equipment.
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