Varex Imaging (VREX) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. grew its stake in Varex Imaging (NASDAQ:VREX) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392,743 shares of the company’s stock after acquiring an additional 37,658 shares during the period. Principal Financial Group Inc. owned 1.04% of Varex Imaging worth $13,290,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in VREX. BlackRock Inc. bought a new stake in shares of Varex Imaging during the second quarter worth approximately $156,842,000. Vanguard Group Inc. bought a new stake in shares of Varex Imaging during the second quarter worth approximately $116,560,000. QV Investors Inc. bought a new stake in shares of Varex Imaging during the second quarter worth approximately $59,839,000. First Eagle Investment Management LLC bought a new stake in shares of Varex Imaging during the second quarter worth approximately $59,452,000. Finally, Alecta Pensionsforsakring Omsesidigt bought a new stake in shares of Varex Imaging during the third quarter worth approximately $50,596,000. 92.65% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. J P Morgan Chase & Co raised shares of Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 price target for the company in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Varex Imaging from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, Jefferies Group assumed coverage on shares of Varex Imaging in a research note on Wednesday, August 9th. They set a “buy” rating and a $34.00 price target for the company.
Shares of Varex Imaging (NASDAQ:VREX) opened at $37.08 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.72 and a current ratio of 3.26. Varex Imaging has a 12 month low of $25.00 and a 12 month high of $37.52.
Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.07. The business had revenue of $216.00 million for the quarter, compared to the consensus estimate of $213.73 million. Varex Imaging’s revenue for the quarter was up 25.5% compared to the same quarter last year. equities research analysts forecast that Varex Imaging will post 1.82 earnings per share for the current fiscal year.
In related news, insider Sunny Sanyal sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $36.50, for a total transaction of $1,825,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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Varex Imaging Profile
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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