Papp L Roy & Associates acquired a new stake in Varex Imaging (NASDAQ:VREX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,262 shares of the company’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. bought a new position in Varex Imaging in the 2nd quarter valued at $5,715,000. BlackRock Inc. bought a new position in Varex Imaging in the 2nd quarter valued at $156,842,000. Oppenheimer & Close LLC bought a new position in Varex Imaging in the 2nd quarter valued at $7,784,000. Vanguard Group Inc. bought a new position in Varex Imaging in the 2nd quarter valued at $116,560,000. Finally, JPMorgan Chase & Co. bought a new position in Varex Imaging in the 2nd quarter valued at $2,595,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.

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Several equities analysts have issued reports on VREX shares. Jefferies Group LLC started coverage on Varex Imaging in a research report on Wednesday, August 9th. They issued a “buy” rating and a $34.00 price objective for the company. Zacks Investment Research upgraded Varex Imaging from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, J P Morgan Chase & Co upgraded Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 price objective for the company in a research report on Tuesday, August 8th.

Shares of Varex Imaging (VREX) traded up $0.47 on Monday, reaching $34.67. The company’s stock had a trading volume of 696,900 shares, compared to its average volume of 437,834. 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 52-week low of $25.00 and a 52-week high of $36.58.

Varex Imaging (NASDAQ:VREX) last released its earnings results on Thursday, November 9th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $216.00 million for the quarter, compared to the consensus estimate of $213.73 million. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. equities research analysts forecast that Varex Imaging will post 1.81 earnings per share for the current year.

Varex Imaging Profile

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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Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

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