First Eagle Investment Management LLC increased its position in shares of Varex Imaging (NASDAQ:VREX) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,782,645 shares of the company’s stock after purchasing an additional 23,700 shares during the period. First Eagle Investment Management LLC owned approximately 4.74% of Varex Imaging worth $60,325,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Varex Imaging during the 2nd quarter worth approximately $156,842,000. Vanguard Group Inc. acquired a new position in Varex Imaging in the 2nd quarter valued at $116,560,000. QV Investors Inc. raised its holdings in Varex Imaging by 18.3% in the 3rd quarter. QV Investors Inc. now owns 2,094,088 shares of the company’s stock valued at $70,863,000 after acquiring an additional 323,703 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt acquired a new position in Varex Imaging in the 3rd quarter valued at $50,596,000. Finally, State Street Corp acquired a new position in Varex Imaging in the 2nd quarter valued at $34,722,000. 92.94% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. Jefferies Group LLC assumed coverage on Varex Imaging in a report on Wednesday, August 9th. They issued a “buy” rating and a $34.00 price objective for the company. J P Morgan Chase & Co raised Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 price objective for the company in a report on Tuesday, August 8th. Finally, Zacks Investment Research cut Varex Imaging from a “hold” rating to a “strong sell” rating in a report on Thursday, August 10th.
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Varex Imaging (NASDAQ:VREX) traded up $0.01 during trading on Tuesday, hitting $34.68. The stock had a trading volume of 399,900 shares, compared to its average volume of 437,645. The company has a quick ratio of 1.72, a current ratio of 3.26 and a debt-to-equity ratio of 1.22. Varex Imaging has a 12 month low of $25.00 and a 12 month high of $36.58.
Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $216.00 million for the quarter, compared to analyst estimates of $213.73 million. Varex Imaging’s quarterly revenue was up 25.5% on a year-over-year basis. research analysts forecast that Varex Imaging will post 1.81 EPS for the current year.
About Varex Imaging
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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