US Bancorp DE Increases Stock Position in Varex Imaging Co. (NASDAQ:VREX)

US Bancorp DE lifted its holdings in Varex Imaging Co. (NASDAQ:VREX) by 149.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,386 shares of the company’s stock after purchasing an additional 4,429 shares during the period. US Bancorp DE’s holdings in Varex Imaging were worth $108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in Varex Imaging during the third quarter valued at approximately $41,000. New York State Common Retirement Fund increased its stake in shares of Varex Imaging by 60.7% in the fourth quarter. New York State Common Retirement Fund now owns 9,531 shares of the company’s stock worth $139,000 after acquiring an additional 3,600 shares during the period. Intech Investment Management LLC increased its stake in shares of Varex Imaging by 13.7% in the third quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after acquiring an additional 1,959 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Varex Imaging during the third quarter valued at $204,000. Finally, Walleye Capital LLC acquired a new stake in Varex Imaging during the third quarter valued at $229,000.

Analyst Upgrades and Downgrades

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

Varex Imaging Trading Down 0.1 %

Shares of VREX stock opened at $12.50 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. Varex Imaging Co. has a fifty-two week low of $10.19 and a fifty-two week high of $18.30. The stock has a market capitalization of $515 million, a P/E ratio of -10.68 and a beta of 0.56. The company has a 50 day moving average price of $13.39 and a 200 day moving average price of $13.41.

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

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.