Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Varex Imaging (NASDAQ:VREX – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 107,080 shares of the company’s stock, valued at approximately $1,247,000.
Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Varex Imaging by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,989,847 shares of the company’s stock valued at $37,074,000 after purchasing an additional 126,396 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Varex Imaging by 1.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,518,674 shares of the company’s stock valued at $18,810,000 after buying an additional 21,499 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Varex Imaging by 119.8% in the 3rd quarter. Millennium Management LLC now owns 913,169 shares of the company’s stock valued at $11,323,000 after buying an additional 497,650 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Varex Imaging by 79.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 532,748 shares of the company’s stock valued at $6,207,000 after buying an additional 236,620 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Varex Imaging by 5.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 529,793 shares of the company’s stock valued at $6,569,000 after buying an additional 26,488 shares in the last quarter.
Varex Imaging Stock Down 0.3%
VREX stock opened at $11.61 on Friday. The firm has a 50 day moving average of $11.64 and a 200 day moving average of $12.16. The stock has a market capitalization of $486.46 million, a PE ratio of -7.08 and a beta of 0.96. The company has a quick ratio of 1.87, a current ratio of 3.89 and a debt-to-equity ratio of 0.75. Varex Imaging has a 52 week low of $6.76 and a 52 week high of $14.56.
Insider Buying and Selling
In other Varex Imaging news, Director Jay K. Kunkel sold 4,510 shares of Varex Imaging stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $11.14, for a total transaction of $50,241.40. Following the completion of the sale, the director directly owned 23,450 shares in the company, valued at approximately $261,233. The trade was a 16.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.60% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on VREX shares. Jefferies Financial Group restated a “hold” rating and issued a $14.50 price target on shares of Varex Imaging in a report on Monday, February 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Varex Imaging in a report on Friday, March 27th. Zacks Research upgraded shares of Varex Imaging from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. B. Riley Financial restated a “buy” rating on shares of Varex Imaging in a report on Thursday, February 12th. Finally, Wall Street Zen cut shares of Varex Imaging from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.17.
Read Our Latest Stock Report on Varex Imaging
Varex Imaging Company Profile
Varex Imaging Corporation is a global provider of X-ray imaging components and solutions for the medical, security and industrial markets. The company designs, develops and manufactures a broad range of products that convert X-ray energy into high-resolution digital images. Its portfolio includes X-ray tubes, flat panel detectors, digital sensors, specialty radiographic tubes and related software, all engineered to meet the demanding requirements of original equipment manufacturers (OEMs) in diagnostic imaging, computed tomography (CT), fluoroscopy, mammography, dental radiography and non-destructive testing applications.
The company’s medical imaging offerings support a wide spectrum of clinical modalities, from portable radiography systems to advanced CT scanners, enhancing image quality and dose efficiency for healthcare providers.
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