Koch Industries Inc. Acquires Shares of 8,139 Varex Imaging Corp (VREX)
Koch Industries Inc. acquired a new stake in Varex Imaging Corp (NASDAQ:VREX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,139 shares of the company’s stock, valued at approximately $327,000.
Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Varex Imaging during the third quarter worth $17,856,000. Cooke & Bieler LP grew its stake in shares of Varex Imaging by 366.8% during the fourth quarter. Cooke & Bieler LP now owns 375,151 shares of the company’s stock worth $15,070,000 after buying an additional 294,777 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Varex Imaging during the second quarter worth $9,048,000. APG Asset Management N.V. grew its stake in shares of Varex Imaging by 324.1% during the fourth quarter. APG Asset Management N.V. now owns 335,024 shares of the company’s stock worth $11,207,000 after buying an additional 256,024 shares during the last quarter. Finally, Commonwealth Bank of Australia grew its stake in shares of Varex Imaging by 46.3% during the third quarter. Commonwealth Bank of Australia now owns 624,795 shares of the company’s stock worth $20,918,000 after buying an additional 197,725 shares during the last quarter. 93.49% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Varex Imaging from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 20th. Zacks Investment Research lowered shares of Varex Imaging from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st.
Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.17). The business had revenue of $176.20 million for the quarter, compared to analyst estimates of $194.00 million. Varex Imaging had a return on equity of 16.90% and a net margin of 7.24%. Varex Imaging’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. research analysts forecast that Varex Imaging Corp will post 1.87 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This piece was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/03/14/koch-industries-inc-acquires-shares-of-8139-varex-imaging-corp-vrex.html.
Varex Imaging Company 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.
Want to see what other hedge funds are holding VREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varex Imaging Corp (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.