Caisse Des Depots ET Consignations Acquires Shares of 21,595 Varex Imaging Co. (NASDAQ:VREX)

Caisse Des Depots ET Consignations bought a new position in shares of Varex Imaging Co. (NASDAQ:VREX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,595 shares of the company’s stock, valued at approximately $315,000. Caisse Des Depots ET Consignations owned approximately 0.05% of Varex Imaging at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VREX. Isthmus Partners LLC increased its holdings in Varex Imaging by 0.8% during the 4th quarter. Isthmus Partners LLC now owns 149,874 shares of the company’s stock worth $2,187,000 after purchasing an additional 1,260 shares in the last quarter. Intech Investment Management LLC grew its holdings in Varex Imaging by 13.7% during the third quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after buying an additional 1,959 shares in the last quarter. Inspire Advisors LLC grew its holdings in Varex Imaging by 22.5% during the fourth quarter. Inspire Advisors LLC now owns 17,334 shares of the company’s stock worth $253,000 after buying an additional 3,185 shares in the last quarter. Quest Partners LLC purchased a new stake in Varex Imaging in the 3rd quarter valued at $41,000. Finally, New York State Common Retirement Fund lifted its stake in Varex Imaging by 60.7% during the 4th quarter. New York State Common Retirement Fund now owns 9,531 shares of the company’s stock valued at $139,000 after acquiring an additional 3,600 shares in the last quarter.

Insider Activity at Varex Imaging

In related news, SVP Kimberley E. Honeysett sold 4,007 shares of Varex Imaging stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total value of $51,329.67. Following the completion of the transaction, the senior vice president now directly owns 4,002 shares in the company, valued at approximately $51,265.62. The trade was a 50.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Varex Imaging Trading Down 0.5 %

Shares of VREX stock opened at $12.02 on Friday. The company has a quick ratio of 2.50, a current ratio of 4.36 and a debt-to-equity ratio of 1.02. The firm has a market cap of $495.22 million, a P/E ratio of -10.27 and a beta of 0.56. The company has a 50 day moving average of $13.17 and a 200-day moving average of $13.42. Varex Imaging Co. has a 12-month low of $10.19 and a 12-month high of $18.30.

Varex Imaging (NASDAQ:VREX) last released its earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. Sell-side analysts anticipate that Varex Imaging Co. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Oppenheimer dropped their target price on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.00 target price (up from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th.

About Varex Imaging

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.