Schwab Charles Investment Management Inc. increased its stake in shares of Varex Imaging Corp (NASDAQ:VREX) by 17.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 236,232 shares of the company’s stock after acquiring an additional 35,645 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.62% of Varex Imaging worth $8,762,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Varex Imaging by 3.8% during the 1st quarter. BlackRock Inc. now owns 5,069,312 shares of the company’s stock worth $181,380,000 after acquiring an additional 185,935 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Varex Imaging by 7.4% during the 1st quarter. Loomis Sayles & Co. L P now owns 678,829 shares of the company’s stock worth $24,288,000 after purchasing an additional 46,720 shares during the last quarter. Cooke & Bieler LP increased its holdings in Varex Imaging by 46.0% during the 2nd quarter. Cooke & Bieler LP now owns 640,460 shares of the company’s stock worth $23,755,000 after purchasing an additional 201,929 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Varex Imaging by 16.6% during the 1st quarter. Principal Financial Group Inc. now owns 623,205 shares of the company’s stock worth $22,298,000 after purchasing an additional 88,628 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Varex Imaging by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 613,857 shares of the company’s stock worth $21,964,000 after purchasing an additional 79,189 shares during the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Walter M. Rosebrough, Jr. purchased 10,000 shares of the stock in a transaction dated Tuesday, August 7th. The stock was acquired at an average cost of $28.39 per share, for a total transaction of $283,900.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sunny Sanyal purchased 7,000 shares of the stock in a transaction dated Friday, August 10th. The stock was purchased at an average price of $28.18 per share, with a total value of $197,260.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,300 shares of company stock worth $578,774 over the last 90 days. 1.60% of the stock is owned by company insiders.

VREX stock opened at $29.54 on Wednesday. The company has a current ratio of 3.16, a quick ratio of 1.42 and a debt-to-equity ratio of 0.89. Varex Imaging Corp has a 52-week low of $27.31 and a 52-week high of $43.76. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 2.25 and a beta of 1.86.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.17). Varex Imaging had a return on equity of 15.16% and a net margin of 5.39%. The business had revenue of $191.20 million for the quarter, compared to analysts’ expectations of $196.88 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Varex Imaging’s revenue for the quarter was up 12.4% compared to the same quarter last year. equities analysts forecast that Varex Imaging Corp will post 1.33 EPS for the current fiscal year.

Several equities research analysts have issued reports on the company. ValuEngine downgraded Varex Imaging from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Jefferies Financial Group dropped their price objective on Varex Imaging to $33.00 and set a “buy” rating on the stock in a report on Friday, August 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.67.

Varex Imaging Profile

Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.

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

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