Varex Imaging Corp (VREX) Shares Bought by Texas Permanent School Fund

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Texas Permanent School Fund raised its position in shares of Varex Imaging Corp (NASDAQ:VREX) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,945 shares of the company’s stock after acquiring an additional 1,028 shares during the quarter. Texas Permanent School Fund’s holdings in Varex Imaging were worth $591,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VREX. First Trust Advisors LP grew its position in Varex Imaging by 9.5% in the 3rd quarter. First Trust Advisors LP now owns 59,106 shares of the company’s stock valued at $1,694,000 after purchasing an additional 5,125 shares during the period. Victory Capital Management Inc. boosted its holdings in Varex Imaging by 43.9% during the 3rd quarter. Victory Capital Management Inc. now owns 9,820 shares of the company’s stock worth $281,000 after acquiring an additional 2,996 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Varex Imaging by 17.1% during the 3rd quarter. Wells Fargo & Company MN now owns 398,681 shares of the company’s stock worth $11,427,000 after acquiring an additional 58,275 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Varex Imaging by 36.3% during the 3rd quarter. Prudential Financial Inc. now owns 87,434 shares of the company’s stock worth $2,506,000 after acquiring an additional 23,270 shares during the last quarter. Finally, AXA purchased a new position in Varex Imaging during the 3rd quarter worth $929,000. 97.43% of the stock is owned by institutional investors and hedge funds.

VREX traded down $0.02 during mid-day trading on Friday, reaching $34.07. 30,918 shares of the stock were exchanged, compared to its average volume of 245,489. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.81 and a quick ratio of 1.26. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 2.55 and a beta of 1.65. Varex Imaging Corp has a 1 year low of $21.57 and a 1 year high of $39.39.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Tuesday, February 5th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The company had revenue of $185.70 million during the quarter, compared to analysts’ expectations of $176.73 million. Varex Imaging had a return on equity of 12.10% and a net margin of 2.45%. Varex Imaging’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. As a group, equities analysts anticipate that Varex Imaging Corp will post 1.33 EPS for the current year.

A number of equities analysts have issued reports on VREX shares. Zacks Investment Research raised shares of Varex Imaging from a “sell” rating to a “hold” rating in a report on Saturday, December 8th. Sidoti started coverage on shares of Varex Imaging in a report on Wednesday, January 16th. They set a “buy” rating and a $35.00 price objective on the stock. Northland Securities started coverage on shares of Varex Imaging in a report on Tuesday. They set an “outperform” rating and a $42.00 price objective on the stock. Finally, TheStreet raised shares of Varex Imaging from a “d+” rating to a “c-” rating in a report on Wednesday, January 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $34.20.

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Varex Imaging Profile

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.

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Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

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