Savant Capital LLC Acquires New Stake in Varex Imaging Co. (NASDAQ:VREX)

Savant Capital LLC bought a new position in Varex Imaging Co. (NASDAQ:VREX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,234 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC purchased a new position in Varex Imaging during the third quarter valued at $41,000. CWM LLC increased its holdings in shares of Varex Imaging by 2,384.2% in the third quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after purchasing an additional 9,203 shares during the last quarter. Intech Investment Management LLC increased its holdings 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 purchasing an additional 1,959 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Varex Imaging in the third quarter worth about $204,000. Finally, Walleye Capital LLC bought a new stake in shares of Varex Imaging in the third quarter worth about $229,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VREX. Oppenheimer reduced 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. StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, B. Riley reaffirmed 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.

Varex Imaging Stock Performance

NASDAQ VREX opened at $13.51 on Wednesday. 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 Co. has a fifty-two week low of $10.19 and a fifty-two week high of $18.30. The stock has a 50-day simple moving average of $14.13 and a two-hundred day simple moving average of $13.30. The firm has a market capitalization of $557.02 million, a P/E ratio of -11.55 and a beta of 0.62.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data 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 3.96% and a negative net margin of 5.79%. On average, equities analysts forecast that Varex Imaging Co. will post 0.63 earnings per share for the current year.

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.