New York State Common Retirement Fund Purchases 3,600 Shares of Varex Imaging Co. (NASDAQ:VREX)

New York State Common Retirement Fund raised its position in Varex Imaging Co. (NASDAQ:VREX) by 60.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,531 shares of the company’s stock after acquiring an additional 3,600 shares during the quarter. New York State Common Retirement Fund’s holdings in Varex Imaging were worth $139,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Pzena Investment Management LLC raised its stake in shares of Varex Imaging by 51.4% in the third quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company’s stock worth $46,379,000 after buying an additional 1,321,666 shares during the period. Wellington Management Group LLP bought a new position in shares of Varex Imaging in the third quarter worth about $19,801,000. Geode Capital Management LLC raised its stake in shares of Varex Imaging by 0.5% in the third quarter. Geode Capital Management LLC now owns 929,004 shares of the company’s stock worth $11,076,000 after buying an additional 4,211 shares during the period. Jane Street Group LLC raised its stake in shares of Varex Imaging by 230.6% in the third quarter. Jane Street Group LLC now owns 551,157 shares of the company’s stock worth $6,570,000 after buying an additional 384,448 shares during the period. Finally, Rice Hall James & Associates LLC raised its stake in shares of Varex Imaging by 240.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 328,692 shares of the company’s stock worth $4,796,000 after buying an additional 232,229 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VREX shares. Oppenheimer decreased their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. B. Riley reiterated a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th. Finally, StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th.

Varex Imaging Stock Performance

NASDAQ:VREX opened at $12.80 on Thursday. The company has a current ratio of 4.36, a quick ratio of 2.50 and a debt-to-equity ratio of 1.02. Varex Imaging Co. has a 12-month low of $10.19 and a 12-month high of $18.30. The stock has a 50-day moving average price of $13.66 and a 200 day moving average price of $13.38. The stock has a market capitalization of $527.36 million, a P/E ratio of -10.94 and a beta of 0.62.

Varex Imaging (NASDAQ:VREX) last released its earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. Equities research analysts forecast that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

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.