31,206 Shares in Varex Imaging $VREX Bought by Ieq Capital LLC

Ieq Capital LLC bought a new stake in Varex Imaging (NASDAQ:VREX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,206 shares of the company’s stock, valued at approximately $325,000. Ieq Capital LLC owned 0.07% of Varex Imaging as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Varex Imaging by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 57,720 shares of the company’s stock worth $672,000 after acquiring an additional 1,261 shares during the period. SG Americas Securities LLC boosted its position in shares of Varex Imaging by 4.4% during the 1st quarter. SG Americas Securities LLC now owns 30,202 shares of the company’s stock valued at $320,000 after purchasing an additional 1,272 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Varex Imaging by 10.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,302 shares of the company’s stock valued at $133,000 after purchasing an additional 1,442 shares in the last quarter. Deutsche Bank AG grew its stake in Varex Imaging by 5.7% during the fourth quarter. Deutsche Bank AG now owns 27,459 shares of the company’s stock worth $320,000 after purchasing an additional 1,477 shares during the period. Finally, Comerica Bank grew its stake in Varex Imaging by 9.3% during the third quarter. Comerica Bank now owns 20,363 shares of the company’s stock worth $253,000 after purchasing an additional 1,726 shares during the period.

Varex Imaging Stock Performance

NASDAQ VREX opened at $18.50 on Friday. The company has a market cap of $778.85 million, a P/E ratio of 35.58 and a beta of 0.89. The company has a fifty day simple moving average of $13.19 and a 200 day simple moving average of $12.00. Varex Imaging has a 12-month low of $9.09 and a 12-month high of $18.63. The company has a current ratio of 3.38, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Monday, August 10th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. The company had revenue of $210.50 million for the quarter, compared to analyst estimates of $215.50 million. Varex Imaging had a net margin of 2.55% and a return on equity of 9.19%. Sell-side analysts predict that Varex Imaging will post 0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VREX shares. CJS Securities lowered Varex Imaging from an “outperform” rating to a “market perform” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research lowered shares of Varex Imaging from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Varex Imaging from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Sidoti reissued a “neutral” rating and set a $19.00 target price on shares of Varex Imaging in a research note on Monday, August 10th. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.88.

Varex Imaging Profile

Varex Imaging Corporation is a global provider of X-ray imaging components and solutions for the medical, security and industrial markets. The company designs, develops and manufactures a broad range of products that convert X-ray energy into high-resolution digital images. Its portfolio includes X-ray tubes, flat panel detectors, digital sensors, specialty radiographic tubes and related software, all engineered to meet the demanding requirements of original equipment manufacturers (OEMs) in diagnostic imaging, computed tomography (CT), fluoroscopy, mammography, dental radiography and non-destructive testing applications.

The company’s medical imaging offerings support a wide spectrum of clinical modalities, from portable radiography systems to advanced CT scanners, enhancing image quality and dose efficiency for healthcare providers.