Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund reduced its position in shares of Varex Imaging Co. (NASDAQ:VREX – Get Rating) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,824 shares of the company’s stock after selling 1,877 shares during the period. Texas Permanent School Fund owned 0.07% of Varex Imaging worth $545,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ancora Advisors LLC increased its position in shares of Varex Imaging by 100.8% during the 1st quarter. Ancora Advisors LLC now owns 1,265 shares of the company’s stock worth $26,000 after purchasing an additional 635 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Varex Imaging during the first quarter valued at about $46,000. Advisor Group Holdings Inc. raised its stake in shares of Varex Imaging by 59.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,968 shares of the company’s stock valued at $62,000 after acquiring an additional 730 shares during the period. Shell Asset Management Co. acquired a new position in shares of Varex Imaging in the 3rd quarter worth approximately $111,000. Finally, Royal Bank of Canada boosted its position in shares of Varex Imaging by 7.6% during the 3rd quarter. Royal Bank of Canada now owns 6,423 shares of the company’s stock worth $136,000 after purchasing an additional 456 shares during the period.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Varex Imaging in a research note on Thursday. They set a “buy” rating on the stock.

Insider Activity

In related news, Director Jay K. Kunkel sold 9,120 shares of Varex Imaging stock in a transaction on Monday, May 8th. The shares were sold at an average price of $21.90, for a total transaction of $199,728.00. Following the sale, the director now directly owns 11,598 shares in the company, valued at approximately $253,996.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.20% of the company’s stock.

Varex Imaging Trading Down 0.5 %

Shares of NASDAQ:VREX opened at $22.00 on Thursday. The company has a market cap of $888.80 million, a PE ratio of 31.43, a P/E/G ratio of 0.63 and a beta of 0.78. The company’s 50 day moving average is $18.75 and its two-hundred day moving average is $19.66. Varex Imaging Co. has a 52 week low of $17.11 and a 52 week high of $23.78. The company has a current ratio of 3.93, a quick ratio of 1.96 and a debt-to-equity ratio of 0.83.

Varex Imaging (NASDAQ:VREX – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. The business had revenue of $228.00 million for the quarter, compared to the consensus estimate of $215.70 million. Varex Imaging had a return on equity of 6.58% and a net margin of 3.24%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. Equities analysts predict that Varex Imaging Co. will post 1.17 earnings per share for the current fiscal year.

Varex Imaging Profile

(Get Rating)

Varex Imaging Corp. engages in the design, manufacture, and sale of imaging components. It operates through the Medical and Industrial segments. The Medical segment delivers and services x-ray imaging components, including X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, and three-dimensional reconstruction software.