Pinebridge Investments L.P. lifted its holdings in shares of Varex Imaging Corp (NASDAQ:VREX) by 285.4% in the fourth quarter, HoldingsChannel reports. The fund owned 17,951 shares of the company’s stock after purchasing an additional 13,293 shares during the period. Pinebridge Investments L.P.’s holdings in Varex Imaging were worth $721,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of Varex Imaging by 29.0% during the fourth quarter. Wells Fargo & Company MN now owns 168,185 shares of the company’s stock valued at $6,756,000 after acquiring an additional 37,793 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Varex Imaging during the fourth quarter valued at approximately $945,000. Barings LLC bought a new position in shares of Varex Imaging during the fourth quarter valued at approximately $1,627,000. Texas Yale Capital Corp. bought a new position in shares of Varex Imaging during the fourth quarter valued at approximately $200,000. Finally, Cooke & Bieler LP raised its holdings in shares of Varex Imaging by 366.8% during the fourth quarter. Cooke & Bieler LP now owns 375,151 shares of the company’s stock valued at $15,070,000 after acquiring an additional 294,777 shares in the last quarter. Institutional investors own 93.12% of the company’s stock.
Varex Imaging Corp (VREX) opened at $34.89 on Thursday. The company has a quick ratio of 1.60, a current ratio of 3.25 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1,320.00 and a price-to-earnings ratio of 25.65. Varex Imaging Corp has a twelve month low of $27.80 and a twelve month high of $43.76.
VREX has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Varex Imaging from a “strong sell” rating to a “buy” rating and set a $45.00 target price for the company in a report on Saturday, December 23rd. JPMorgan Chase & Co. upgraded Varex Imaging from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 20th. Finally, Jefferies Group upped their target price on Varex Imaging to $39.00 and gave the company a “buy” rating in a report on Friday, November 10th.
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Varex Imaging Profile
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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