Principal Financial Group Inc. Lowers Stock Holdings in Varex Imaging Co. (NASDAQ:VREX)

Principal Financial Group Inc. lowered its stake in Varex Imaging Co. (NASDAQ:VREX) by 83.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,230 shares of the company’s stock after selling 182,453 shares during the period. Principal Financial Group Inc. owned approximately 0.09% of Varex Imaging worth $444,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VREX. Canada Pension Plan Investment Board acquired a new stake in Varex Imaging in the second quarter valued at $38,000. Quest Partners LLC purchased a new position in shares of Varex Imaging in the 3rd quarter valued at about $41,000. CWM LLC boosted its stake in shares of Varex Imaging by 2,384.2% during the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after acquiring an additional 9,203 shares in the last quarter. Inspire Advisors LLC boosted its position in shares of Varex Imaging by 29.8% in the 3rd quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock worth $169,000 after buying an additional 3,245 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new stake in Varex Imaging in the 2nd quarter valued at about $210,000.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th.

Varex Imaging Stock Performance

Shares of VREX opened at $14.26 on Monday. Varex Imaging Co. has a 1 year low of $10.19 and a 1 year high of $21.06. The company’s 50 day simple moving average is $14.86 and its 200 day simple moving average is $13.48. The company has a market capitalization of $587.95 million, a price-to-earnings ratio of -12.19 and a beta of 0.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32.

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.