Varian Medical Systems, Inc. (VAR) Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC decreased its stake in Varian Medical Systems, Inc. (NYSE:VAR) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,260 shares of the medical equipment provider’s stock after selling 710 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Varian Medical Systems were worth $1,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VAR. Park Avenue Securities LLC lifted its stake in shares of Varian Medical Systems by 0.4% in the second quarter. Park Avenue Securities LLC now owns 2,276 shares of the medical equipment provider’s stock worth $234,000 after buying an additional 9 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Varian Medical Systems by 0.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock worth $197,000 after buying an additional 11 shares in the last quarter. Conning Inc. lifted its stake in shares of Varian Medical Systems by 1.3% in the second quarter. Conning Inc. now owns 2,381 shares of the medical equipment provider’s stock worth $246,000 after buying an additional 30 shares in the last quarter. Burney Co. lifted its stake in shares of Varian Medical Systems by 0.3% in the second quarter. Burney Co. now owns 14,604 shares of the medical equipment provider’s stock worth $1,500,000 after buying an additional 37 shares in the last quarter. Finally, People s United Financial Inc. lifted its stake in shares of Varian Medical Systems by 0.6% in the second quarter. People s United Financial Inc. now owns 6,279 shares of the medical equipment provider’s stock worth $648,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

VAR has been the topic of several research reports. BidaskClub downgraded shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Robert W. Baird reissued a “hold” rating and issued a $99.00 price target on shares of Varian Medical Systems in a research note on Monday, August 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $100.00 price target on shares of Varian Medical Systems in a research note on Friday, September 1st. BTIG Research downgraded shares of Varian Medical Systems from a “buy” rating to a “neutral” rating in a research note on Thursday, September 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $97.83.

In other Varian Medical Systems news, EVP Kolleen T. Kennedy sold 1,088 shares of Varian Medical Systems stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $101.55, for a total transaction of $110,486.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kolleen T. Kennedy sold 2,021 shares of Varian Medical Systems stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $107.36, for a total transaction of $216,974.56. Following the transaction, the executive vice president now directly owns 27,595 shares in the company, valued at $2,962,599.20. The disclosure for this sale can be found here. Insiders have sold 42,761 shares of company stock worth $4,447,864 over the last ninety days. 0.91% of the stock is owned by insiders.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) traded up $0.08 during mid-day trading on Monday, reaching $108.87. 211,300 shares of the company’s stock were exchanged, compared to its average volume of 867,636. The company has a quick ratio of 1.13, a current ratio of 1.41 and a debt-to-equity ratio of 0.18. Varian Medical Systems, Inc. has a one year low of $76.94 and a one year high of $110.23. The stock has a market capitalization of $9,994.38, a P/E ratio of 28.88, a PEG ratio of 3.20 and a beta of 0.65.

Varian Medical Systems (NYSE:VAR) last issued its earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). Varian Medical Systems had a return on equity of 23.68% and a net margin of 8.85%. The firm had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $741.69 million. During the same period last year, the firm earned $1.03 earnings per share. Varian Medical Systems’s revenue for the quarter was down 1.1% on a year-over-year basis. analysts anticipate that Varian Medical Systems, Inc. will post 4.26 earnings per share for the current fiscal year.

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About Varian Medical Systems

Varian Medical Systems, Inc is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy.

Institutional Ownership by Quarter for Varian Medical Systems (NYSE:VAR)

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