Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 45.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,484 shares of the company’s stock after selling 11,132 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Varex Imaging were worth $197,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VREX. Wellington Management Group LLP acquired a new stake in Varex Imaging during the third quarter worth about $19,801,000. Wealthfront Advisers LLC acquired a new stake in shares of Varex Imaging during the 4th quarter worth approximately $18,900,000. Boston Partners bought a new stake in shares of Varex Imaging in the 4th quarter worth approximately $8,718,000. Jane Street Group LLC boosted its position in Varex Imaging by 230.6% during the 3rd quarter. Jane Street Group LLC now owns 551,157 shares of the company’s stock valued at $6,570,000 after purchasing an additional 384,448 shares during the period. Finally, Royce & Associates LP grew its stake in Varex Imaging by 70.4% during the 4th quarter. Royce & Associates LP now owns 746,770 shares of the company’s stock worth $10,895,000 after buying an additional 308,629 shares during the last quarter.

Insider Activity at Varex Imaging

In related news, SVP Kimberley E. Honeysett sold 4,007 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the transaction, the senior vice president now owns 4,002 shares of the company’s stock, valued at $51,265.62. This trade represents a 50.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sunny Sanyal sold 8,749 shares of Varex Imaging stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $11.24, for a total value of $98,338.76. Following the transaction, the chief executive officer now directly owns 190,193 shares in the company, valued at approximately $2,137,769.32. The trade was a 4.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Oppenheimer cut their price objective 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. Finally, B. Riley restated a “buy” rating and issued a $22.00 target price (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th.

Varex Imaging Trading Up 1.3 %

Shares of VREX stock opened at $7.84 on Friday. The firm has a market capitalization of $323.01 million, a PE ratio of -6.70 and a beta of 0.65. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. Varex Imaging Co. has a 1 year low of $7.33 and a 1 year high of $17.75. The stock has a fifty day moving average of $11.97 and a two-hundred day moving average of $13.24.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, research analysts expect that Varex Imaging Co. will post 0.53 EPS for the current year.

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.