Public Sector Pension Investment Board Increases Stake in Varex Imaging Co. (NASDAQ:VREX)

Public Sector Pension Investment Board boosted its stake in Varex Imaging Co. (NASDAQ:VREX) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,983 shares of the company’s stock after purchasing an additional 5,871 shares during the period. Public Sector Pension Investment Board owned about 0.22% of Varex Imaging worth $1,325,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of VREX. Pzena Investment Management LLC grew its position in shares of Varex Imaging by 41.5% in the 2nd quarter. Pzena Investment Management LLC now owns 2,569,213 shares of the company’s stock worth $37,845,000 after buying an additional 753,454 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Varex Imaging by 287.4% during the second quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock valued at $2,432,000 after purchasing an additional 122,488 shares in the last quarter. Isthmus Partners LLC boosted its position in shares of Varex Imaging by 71.2% during the first quarter. Isthmus Partners LLC now owns 169,964 shares of the company’s stock valued at $3,076,000 after purchasing an additional 70,684 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Varex Imaging by 424.3% during the first quarter. Russell Investments Group Ltd. now owns 81,847 shares of the company’s stock valued at $1,481,000 after purchasing an additional 66,235 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Varex Imaging during the first quarter valued at approximately $734,000.

Insider Transactions at Varex Imaging

In other news, SVP Kimberley E. Honeysett sold 2,578 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $12.53, for a total value of $32,302.34. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at $3,445.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Shubham Maheshwari acquired 9,007 shares of Varex Imaging stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $10.98 per share, for a total transaction of $98,896.86. Following the completion of the transaction, the chief financial officer now owns 46,063 shares in the company, valued at $505,771.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kimberley E. Honeysett sold 2,578 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the sale, the senior vice president now owns 275 shares of the company’s stock, valued at approximately $3,445.75. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Varex Imaging Stock Down 0.5 %

Shares of NASDAQ:VREX opened at $11.86 on Wednesday. The stock has a fifty day simple moving average of $12.22 and a two-hundred day simple moving average of $14.60. The stock has a market capitalization of $485.07 million, a price-to-earnings ratio of 13.33 and a beta of 0.56. Varex Imaging Co. has a 12-month low of $10.19 and a 12-month high of $21.50. The company has a current ratio of 3.34, a quick ratio of 1.89 and a debt-to-equity ratio of 0.67.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). Varex Imaging had a return on equity of 6.11% and a net margin of 4.11%. The business had revenue of $209.00 million during the quarter, compared to analysts’ expectations of $209.50 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, research analysts anticipate that Varex Imaging Co. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on Varex Imaging in a research report on Friday, August 23rd. They set a “buy” rating and a $21.00 price target on the 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.