Montrusco Bolton Investments Inc. lessened its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,026 shares of the medical equipment provider’s stock after selling 51,173 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Varian Medical Systems were worth $5,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in Varian Medical Systems by 0.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock worth $197,000 after purchasing an additional 11 shares during the period. People s United Financial Inc. increased its position in shares of Varian Medical Systems by 0.6% in the second quarter. People s United Financial Inc. now owns 6,279 shares of the medical equipment provider’s stock valued at $648,000 after acquiring an additional 40 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Varian Medical Systems by 1.5% in the second quarter. Thrivent Financial For Lutherans now owns 3,480 shares of the medical equipment provider’s stock valued at $359,000 after acquiring an additional 50 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Varian Medical Systems by 4.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,250 shares of the medical equipment provider’s stock valued at $335,000 after acquiring an additional 141 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Varian Medical Systems by 8.0% in the second quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock valued at $202,000 after acquiring an additional 145 shares during the period. Institutional investors own 99.10% of the company’s stock.

In related news, EVP Kolleen T. Kennedy sold 931 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $105.00, for a total transaction of $97,755.00. Following the sale, the executive vice president now owns 27,531 shares of the company’s stock, valued at $2,890,755. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dow R. Wilson sold 88,766 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $111.00, for a total transaction of $9,853,026.00. Following the sale, the insider now directly owns 155,542 shares in the company, valued at approximately $17,265,162. The disclosure for this sale can be found here. Insiders have sold 111,727 shares of company stock worth $12,392,515 in the last three months. 0.78% of the stock is currently owned by insiders.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) traded down $0.15 on Friday, hitting $111.53. 681,600 shares of the stock were exchanged, compared to its average volume of 667,650. The company has a market cap of $10,220.00, a price-to-earnings ratio of 40.41, a price-to-earnings-growth ratio of 3.26 and a beta of 0.68. Varian Medical Systems, Inc. has a 52-week low of $76.94 and a 52-week high of $114.09.

Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings data on Wednesday, October 25th. The medical equipment provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.10). Varian Medical Systems had a return on equity of 23.68% and a net margin of 8.85%. The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $741.69 million. During the same period in the previous year, the firm earned $1.03 EPS. The company’s revenue was down 1.1% on a year-over-year basis. analysts expect that Varian Medical Systems, Inc. will post 4.25 earnings per share for the current year.

A number of research firms have issued reports on VAR. Royal Bank of Canada set a $105.00 price objective on shares of Varian Medical Systems and gave the company a “hold” rating in a research report on Thursday, November 30th. BTIG Research restated a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Evercore ISI began coverage on shares of Varian Medical Systems in a research report on Wednesday, January 3rd. They issued an “underperform” rating and a $100.00 price objective on the stock. Citigroup boosted their price objective on shares of Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Varian Medical Systems currently has a consensus rating of “Hold” and a consensus target price of $100.44.

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Varian Medical Systems Profile

Varian Medical Systems, Inc is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy.

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Institutional Ownership by Quarter for Varian Medical Systems (NYSE:VAR)

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