Principal Financial Group Inc. Reduces Stock Position in Varex Imaging Co. (NASDAQ:VREX)

Principal Financial Group Inc. decreased its position in shares of Varex Imaging Co. (NASDAQ:VREX) by 83.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,230 shares of the company’s stock after selling 182,453 shares during the quarter. Principal Financial Group Inc. owned 0.09% of Varex Imaging worth $444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VREX. Innealta Capital LLC purchased a new stake in Varex Imaging during the second quarter worth $26,000. Canada Pension Plan Investment Board acquired a new position in shares of Varex Imaging during the 2nd quarter worth $38,000. Pacific Center for Financial Services purchased a new stake in shares of Varex Imaging in the 1st quarter worth about $94,000. CWM LLC grew its stake in Varex Imaging by 2,384.2% in the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock valued at $114,000 after acquiring an additional 9,203 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in Varex Imaging during the 1st quarter valued at about $207,000.

Varex Imaging Stock Performance

Shares of VREX opened at $16.64 on Monday. Varex Imaging Co. has a 52-week low of $10.19 and a 52-week high of $21.50. The company has a quick ratio of 1.89, a current ratio of 3.32 and a debt-to-equity ratio of 0.72. The firm has a market cap of $683.90 million, a price-to-earnings ratio of -14.22 and a beta of 0.53. The business’s 50 day moving average is $12.69 and its two-hundred day moving average is $13.48.

Analyst Upgrades and Downgrades

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

About Varex Imaging

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.