Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of Varex Imaging Co. (NASDAQ:VREX) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,006 shares of the company’s stock after selling 55,452 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.96% of Varex Imaging worth $5,763,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VREX. Quest Partners LLC acquired a new position in Varex Imaging in the 3rd quarter valued at $41,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Varex Imaging during the third quarter worth $312,000. Intech Investment Management LLC raised its position 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 valued at $194,000 after buying an additional 1,959 shares during the last quarter. Algert Global LLC purchased a new position in shares of Varex Imaging in the third quarter worth about $423,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in Varex Imaging by 100.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 24,616 shares of the company’s stock worth $293,000 after acquiring an additional 12,319 shares during the last quarter.

Varex Imaging Price Performance

Varex Imaging stock opened at $12.45 on Tuesday. The company has a current ratio of 4.36, a quick ratio of 2.50 and a debt-to-equity ratio of 1.02. The stock has a market cap of $512.94 million, a P/E ratio of -10.64 and a beta of 0.56. The company has a 50-day moving average price of $13.26 and a 200 day moving average price of $13.44. Varex Imaging Co. has a 12-month low of $10.19 and a 12-month high of $18.30.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.07 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Varex Imaging Co. will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Varex Imaging

In other Varex Imaging news, SVP Kimberley E. Honeysett sold 4,007 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the transaction, the senior vice president now owns 4,002 shares of the company’s stock, valued at $51,265.62. This trade represents a 50.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VREX. Oppenheimer cut their price objective on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, February 7th. B. Riley restated a “buy” rating and issued a $22.00 price target (up 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 Company 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.