Public Employees Retirement System of Ohio Acquires Shares of 54,335 Varex Imaging $VREX

Public Employees Retirement System of Ohio bought a new position in Varex Imaging (NASDAQ:VREX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 54,335 shares of the company’s stock, valued at approximately $567,000.

A number of other institutional investors have also recently modified their holdings of VREX. Bank of America Corp DE bought a new position in shares of Varex Imaging during the second quarter valued at $2,992,000. Man Group plc purchased a new position in shares of Varex Imaging in the 2nd quarter worth about $661,000. J. Goldman & Co LP bought a new position in Varex Imaging in the 2nd quarter worth about $6,215,000. Hsbc Holdings PLC bought a new position in Varex Imaging in the 2nd quarter worth about $229,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Varex Imaging during the 2nd quarter valued at about $148,000.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Sidoti restated a “neutral” rating and set a $19.00 price objective on shares of Varex Imaging in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings raised shares of Varex Imaging from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. B. Riley Financial lowered shares of Varex Imaging from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, CJS Securities cut Varex Imaging from an “outperform” rating to a “market perform” rating in a research report on Monday, August 17th. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.88.

Varex Imaging Stock Performance

Shares of VREX stock opened at $18.47 on Friday. The company has a 50 day moving average price of $14.64 and a 200-day moving average price of $12.30. Varex Imaging has a 52 week low of $9.09 and a 52 week high of $18.63. The firm has a market capitalization of $777.59 million, a PE ratio of 35.52 and a beta of 0.96. The company has a quick ratio of 1.53, a current ratio of 3.38 and a debt-to-equity ratio of 0.64.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The company had revenue of $210.50 million for the quarter, compared to the consensus estimate of $215.50 million. Varex Imaging had a net margin of 2.55% and a return on equity of 9.19%. As a group, equities research analysts expect that Varex Imaging will post 1.04 earnings per share for the current year.

Varex Imaging Company Profile

Varex Imaging Corporation is a global provider of X-ray imaging components and solutions for the medical, security and industrial markets. The company designs, develops and manufactures a broad range of products that convert X-ray energy into high-resolution digital images. Its portfolio includes X-ray tubes, flat panel detectors, digital sensors, specialty radiographic tubes and related software, all engineered to meet the demanding requirements of original equipment manufacturers (OEMs) in diagnostic imaging, computed tomography (CT), fluoroscopy, mammography, dental radiography and non-destructive testing applications.

The company’s medical imaging offerings support a wide spectrum of clinical modalities, from portable radiography systems to advanced CT scanners, enhancing image quality and dose efficiency for healthcare providers.