Varex Imaging Co. (NASDAQ:VREX) Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in Varex Imaging Co. (NASDAQ:VREX) by 2.8% during the third quarter, HoldingsChannel reports. The firm owned 2,554,823 shares of the company’s stock after selling 73,791 shares during the period. Allspring Global Investments Holdings LLC owned 0.06% of Varex Imaging worth $30,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning raised its holdings in shares of Varex Imaging by 9.2% during the third quarter. Creative Planning now owns 19,644 shares of the company’s stock valued at $234,000 after acquiring an additional 1,654 shares during the period. Innealta Capital LLC acquired a new stake in Varex Imaging during the 2nd quarter valued at $26,000. Isthmus Partners LLC lifted its holdings in shares of Varex Imaging by 1.2% in the second quarter. Isthmus Partners LLC now owns 172,022 shares of the company’s stock valued at $2,534,000 after purchasing an additional 2,058 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Varex Imaging by 0.6% in the second quarter. First Eagle Investment Management LLC now owns 359,937 shares of the company’s stock worth $5,302,000 after buying an additional 2,250 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Varex Imaging during the second quarter valued at $38,000.

Analyst Upgrades and Downgrades

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 objective for the company.

Insiders Place Their Bets

In other news, SVP Kimberley E. Honeysett sold 2,578 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total transaction of $32,302.34. Following the transaction, the senior vice president now owns 275 shares in the company, valued at approximately $3,445.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Kimberley E. Honeysett sold 2,578 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 275 shares of the company’s stock, valued at approximately $3,445.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shubham Maheshwari bought 10,000 shares of Varex Imaging stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $10.82 per share, with a total value of $108,200.00. Following the completion of the acquisition, the chief financial officer now owns 56,063 shares in the company, valued at approximately $606,601.66. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.

Varex Imaging Stock Performance

Shares of NASDAQ VREX opened at $12.75 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.34 and a quick ratio of 1.89. Varex Imaging Co. has a one year low of $10.19 and a one year high of $21.50. The business’s 50-day moving average price is $11.79 and its two-hundred day moving average price is $13.92. The company has a market capitalization of $521.48 million, a P/E ratio of 14.33 and a beta of 0.55.

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

Varex Imaging 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.