Principal Financial Group Inc. Purchases 4,495 Shares of Varex Imaging Co. (NASDAQ:VREX)

Principal Financial Group Inc. lifted its position in shares of Varex Imaging Co. (NASDAQ:VREXFree Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 226,410 shares of the company’s stock after acquiring an additional 4,495 shares during the quarter. Principal Financial Group Inc. owned approximately 0.56% of Varex Imaging worth $4,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Varex Imaging in the fourth quarter worth $20,481,000. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Varex Imaging by 99.1% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 338,876 shares of the company’s stock worth $6,947,000 after purchasing an additional 168,644 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Varex Imaging by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,519,686 shares of the company’s stock worth $51,654,000 after purchasing an additional 145,968 shares during the last quarter. AQR Capital Management LLC lifted its position in Varex Imaging by 90.5% during the third quarter. AQR Capital Management LLC now owns 240,677 shares of the company’s stock valued at $4,522,000 after purchasing an additional 114,306 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Varex Imaging in the 3rd quarter worth approximately $1,831,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Varex Imaging from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

Read Our Latest Report on Varex Imaging

Varex Imaging Stock Performance

Shares of VREX stock opened at $14.35 on Friday. The company has a quick ratio of 2.37, a current ratio of 4.23 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average of $15.23 and a 200 day moving average of $17.29. The firm has a market capitalization of $586.92 million, a price-to-earnings ratio of 16.12, a PEG ratio of 3.16 and a beta of 0.59. Varex Imaging Co. has a 52 week low of $14.09 and a 52 week high of $23.62.

Varex Imaging (NASDAQ:VREXGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). Varex Imaging had a net margin of 4.90% and a return on equity of 8.26%. The firm had revenue of $206.20 million for the quarter, compared to the consensus estimate of $205.15 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business’s revenue was down 9.6% compared to the same quarter last year. As a group, research analysts expect that Varex Imaging Co. will post 0.65 earnings per share for the current year.

About Varex Imaging

(Free Report)

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.

Featured Stories

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

Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.