First National Bank of Omaha grew its position in Varex Imaging Corp (NASDAQ:VREX) by 2.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,043 shares of the company’s stock after buying an additional 584 shares during the period. First National Bank of Omaha owned 0.06% of Varex Imaging worth $686,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Varex Imaging in the 3rd quarter valued at about $45,000. HM Payson & Co. bought a new stake in shares of Varex Imaging in the 2nd quarter valued at about $63,000. Bank of Montreal Can boosted its holdings in shares of Varex Imaging by 70.0% in the 2nd quarter. Bank of Montreal Can now owns 7,244 shares of the company’s stock valued at $222,000 after buying an additional 2,982 shares in the last quarter. CWM Advisors LLC boosted its holdings in shares of Varex Imaging by 15.8% in the 2nd quarter. CWM Advisors LLC now owns 7,310 shares of the company’s stock valued at $224,000 after buying an additional 996 shares in the last quarter. Finally, Sun Life Financial INC boosted its holdings in shares of Varex Imaging by 44.8% in the 2nd quarter. Sun Life Financial INC now owns 7,451 shares of the company’s stock valued at $228,000 after buying an additional 2,305 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.
VREX has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $31.00 price target on shares of Varex Imaging and gave the company a “buy” rating in a report on Monday, August 12th. BidaskClub upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Oppenheimer initiated coverage on shares of Varex Imaging in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $40.00 price target on the stock. Zacks Investment Research restated a “hold” rating on shares of Varex Imaging in a report on Saturday, October 19th. Finally, Northland Securities restated a “buy” rating and issued a $42.00 price target on shares of Varex Imaging in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $35.17.
Varex Imaging (NASDAQ:VREX) last released its earnings results on Tuesday, August 6th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The company had revenue of $196.70 million during the quarter, compared to analyst estimates of $189.42 million. Varex Imaging had a return on equity of 10.01% and a net margin of 0.97%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. On average, equities research analysts expect that Varex Imaging Corp will post 1.3 earnings per share for the current year.
In related news, CFO Clarence R. Verhoef sold 21,047 shares of Varex Imaging stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $28.94, for a total value of $609,100.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark S. Jonaitis sold 13,530 shares of Varex Imaging stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $31.02, for a total transaction of $419,700.60. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
About Varex Imaging
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 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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