Varex Imaging Co. (NASDAQ:VREX) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its stake in Varex Imaging Co. (NASDAQ:VREX) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 278,067 shares of the company’s stock after selling 18,010 shares during the quarter. AQR Capital Management LLC owned approximately 0.68% of Varex Imaging worth $4,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VREX. Squarepoint Ops LLC increased its position in Varex Imaging by 132.1% during the 2nd quarter. Squarepoint Ops LLC now owns 26,380 shares of the company’s stock worth $389,000 after purchasing an additional 15,014 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Varex Imaging by 7.0% during the second quarter. Public Sector Pension Investment Board now owns 89,983 shares of the company’s stock worth $1,325,000 after buying an additional 5,871 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Varex Imaging by 12.6% during the second quarter. Sei Investments Co. now owns 47,863 shares of the company’s stock worth $705,000 after buying an additional 5,342 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Varex Imaging in the second quarter valued at approximately $38,000. Finally, Intech Investment Management LLC purchased a new position in shares of Varex Imaging during the second quarter valued at approximately $211,000.

Varex Imaging Stock Up 1.4 %

VREX opened at $11.55 on Friday. Varex Imaging Co. has a 12 month low of $10.19 and a 12 month high of $21.50. The business has a 50-day moving average of $11.98 and a two-hundred day moving average of $14.46. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.34 and a quick ratio of 1.89. The stock has a market capitalization of $472.40 million, a price-to-earnings ratio of 12.98 and a beta of 0.55.

Varex Imaging (NASDAQ:VREX) last released its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). Varex Imaging had a return on equity of 6.11% and a net margin of 4.11%. The company had revenue of $209.00 million during the quarter, compared to analyst estimates of $209.50 million. During the same period in the prior year, the business posted $0.37 earnings per share. Varex Imaging’s revenue was down 10.0% on a year-over-year basis. On average, research analysts expect that Varex Imaging Co. will post 0.46 earnings per share for the current year.

Insider Transactions at Varex Imaging

In other news, CFO Shubham Maheshwari bought 10,000 shares of Varex Imaging stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average price of $10.82 per share, for a total transaction of $108,200.00. Following the completion of the acquisition, the chief financial officer now owns 56,063 shares of the company’s stock, valued at $606,601.66. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Kimberley E. Honeysett sold 2,578 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the transaction, the senior vice president now owns 275 shares of the company’s stock, valued at approximately $3,445.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shubham Maheshwari bought 10,000 shares of Varex Imaging stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $10.82 per share, for a total transaction of $108,200.00. Following the acquisition, the chief financial officer now directly owns 56,063 shares in the company, valued at approximately $606,601.66. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on Varex Imaging in a report on Friday, August 23rd. They issued a “buy” rating and a $21.00 price target for the company.

Varex Imaging Profile

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.