Cooke & Bieler LP Sells 488,514 Shares of Varex Imaging Co. (NASDAQ:VREX)

Cooke & Bieler LP lowered its stake in Varex Imaging Co. (NASDAQ:VREX) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,788,889 shares of the company’s stock after selling 488,514 shares during the quarter. Cooke & Bieler LP owned 4.34% of Varex Imaging worth $26,100,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Inspire Advisors LLC increased its stake in Varex Imaging by 22.5% in the fourth quarter. Inspire Advisors LLC now owns 17,334 shares of the company’s stock valued at $253,000 after purchasing an additional 3,185 shares in the last quarter. Isthmus Partners LLC grew its stake in shares of Varex Imaging by 0.8% in the 4th quarter. Isthmus Partners LLC now owns 149,874 shares of the company’s stock valued at $2,187,000 after buying an additional 1,260 shares during the period. AlphaQuest LLC increased its position in Varex Imaging by 1,124.8% in the 4th quarter. AlphaQuest LLC now owns 41,888 shares of the company’s stock valued at $611,000 after buying an additional 38,468 shares in the last quarter. Inceptionr LLC acquired a new position in Varex Imaging during the 4th quarter worth approximately $168,000. Finally, Aigen Investment Management LP bought a new position in Varex Imaging in the fourth quarter worth approximately $147,000.

Analysts Set New Price Targets

VREX has been the topic of several research reports. B. Riley restated a “buy” rating and set a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a report on Friday, February 7th. StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Oppenheimer decreased their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, February 7th.

Varex Imaging Stock Performance

Shares of VREX stock opened at $12.54 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50. The firm has a 50-day moving average of $13.54 and a 200-day moving average of $13.40. Varex Imaging Co. has a one year low of $10.19 and a one year high of $18.30. The company has a market cap of $516.65 million, a P/E ratio of -10.72 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Thursday, February 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. Equities research analysts forecast that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

Varex Imaging Company Profile

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.