CWM Advisors LLC decreased its position in shares of Varex Imaging Corp (NASDAQ:VREX) by 10.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,988 shares of the company’s stock after selling 961 shares during the period. CWM Advisors LLC’s holdings in Varex Imaging were worth $238,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new position in shares of Varex Imaging in the 3rd quarter valued at approximately $45,000. HM Payson & Co. bought a new stake in shares of Varex Imaging during the second quarter valued at approximately $63,000. Strs Ohio bought a new stake in shares of Varex Imaging during the fourth quarter valued at approximately $262,000. Cubist Systematic Strategies LLC purchased a new stake in Varex Imaging in the second quarter worth $274,000. Finally, Barings LLC grew its stake in Varex Imaging by 26.7% in the second quarter. Barings LLC now owns 9,500 shares of the company’s stock worth $291,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 89.19% of the company’s stock.
Varex Imaging stock opened at $30.53 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.50 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.19 billion, a P/E ratio of 71.00, a PEG ratio of 4.60 and a beta of 1.85. The stock’s 50 day moving average is $30.46 and its 200 day moving average is $29.47. Varex Imaging Corp has a twelve month low of $24.40 and a twelve month high of $35.00.
Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. Varex Imaging had a return on equity of 11.49% and a net margin of 2.13%. The business had revenue of $202.40 million during the quarter, compared to analysts’ expectations of $204.14 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts expect that Varex Imaging Corp will post 1.35 EPS for the current year.
In other news, SVP Mark S. Jonaitis sold 13,530 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $31.02, for a total value of $419,700.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is currently owned by company insiders.
VREX has been the subject of a number of research reports. Oppenheimer initiated coverage on Varex Imaging in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $40.00 price objective for the company. Zacks Investment Research cut shares of Varex Imaging from a “hold” rating to a “sell” rating in a report on Saturday, November 16th. ValuEngine raised shares of Varex Imaging from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, BidaskClub lowered shares of Varex Imaging from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $37.00.
About Varex Imaging
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.
Featured Story: What is the outlook for the FAANG stocks?
Want to see what other hedge funds are holding VREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varex Imaging Corp (NASDAQ:VREX).
Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.