LPL Financial LLC Makes New $1.08 Million Investment in Varex Imaging Co. (NASDAQ:VREX)

LPL Financial LLC purchased a new position in shares of Varex Imaging Co. (NASDAQ:VREX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,766 shares of the company’s stock, valued at approximately $1,079,000. LPL Financial LLC owned about 0.11% of Varex Imaging at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cullen Capital Management LLC purchased a new stake in Varex Imaging during the 1st quarter worth about $485,000. ExodusPoint Capital Management LP lifted its holdings in shares of Varex Imaging by 39.7% in the 1st quarter. ExodusPoint Capital Management LP now owns 59,159 shares of the company’s stock valued at $1,076,000 after purchasing an additional 16,803 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of Varex Imaging by 0.6% in the 1st quarter. Cooke & Bieler LP now owns 1,830,113 shares of the company’s stock valued at $33,290,000 after purchasing an additional 11,273 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Varex Imaging by 13.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $500,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Varex Imaging by 1.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 239,063 shares of the company’s stock valued at $5,635,000 after purchasing an additional 4,487 shares during the last quarter.

Varex Imaging Stock Up 1.4 %

VREX opened at $18.99 on Friday. The business has a 50 day moving average price of $18.54 and a two-hundred day moving average price of $20.73. The company has a quick ratio of 2.15, a current ratio of 4.04 and a debt-to-equity ratio of 0.76. The company has a market cap of $767.20 million, a PE ratio of 18.09, a P/E/G ratio of 0.50 and a beta of 0.81. Varex Imaging Co. has a 52 week low of $17.05 and a 52 week high of $23.90.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.33 by $0.12. The firm had revenue of $227.40 million during the quarter, compared to the consensus estimate of $233.38 million. Varex Imaging had a return on equity of 9.60% and a net margin of 5.40%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. As a group, research analysts anticipate that Varex Imaging Co. will post 1.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com raised Varex Imaging from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Oppenheimer reduced their target price on Varex Imaging from $42.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, TheStreet downgraded Varex Imaging from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th.

About Varex Imaging

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, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys.