Varex Imaging Corp (VREX) Position Trimmed by Scout Investments Inc.

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Scout Investments Inc. reduced its position in Varex Imaging Corp (NASDAQ:VREX) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,948 shares of the company’s stock after selling 2,802 shares during the quarter. Scout Investments Inc. owned 0.23% of Varex Imaging worth $2,946,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. NumerixS Investment Technologies Inc increased its holdings in Varex Imaging by 125.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the company’s stock valued at $43,000 after buying an additional 1,000 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Varex Imaging by 62.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,849 shares of the company’s stock worth $44,000 after buying an additional 712 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Varex Imaging by 32.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,907 shares of the company’s stock worth $69,000 after buying an additional 715 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Varex Imaging during the fourth quarter worth $71,000. Finally, Advisor Group Inc. lifted its stake in shares of Varex Imaging by 35.5% during the fourth quarter. Advisor Group Inc. now owns 3,725 shares of the company’s stock worth $87,000 after buying an additional 975 shares during the period. 99.12% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:VREX opened at $32.48 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 1.26 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.48 and a beta of 1.67. Varex Imaging Corp has a 1-year low of $21.57 and a 1-year high of $39.39.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Tuesday, February 5th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $185.70 million during the quarter, compared to analyst estimates of $176.73 million. Varex Imaging had a net margin of 2.45% and a return on equity of 12.10%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Equities analysts expect that Varex Imaging Corp will post 1.32 EPS for the current fiscal year.

VREX has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Varex Imaging from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Northland Securities assumed coverage on shares of Varex Imaging in a research report on Tuesday, March 19th. They set an “outperform” rating and a $42.00 price target on the stock. TheStreet upgraded shares of Varex Imaging from a “d+” rating to a “c-” rating in a research report on Wednesday, January 30th. Finally, Sidoti assumed coverage on shares of Varex Imaging in a research report on Wednesday, January 16th. They set a “buy” rating and a $35.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $34.20.

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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.

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

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