Caisse Des Depots ET Consignations Makes New $315,000 Investment in Varex Imaging Co. (NASDAQ:VREX)

Caisse Des Depots ET Consignations acquired a new position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of Varex Imaging during the 3rd quarter worth about $41,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Varex Imaging in the third quarter worth about $312,000. Intech Investment Management LLC boosted its stake in shares of Varex Imaging by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company's stock worth $194,000 after acquiring an additional 1,959 shares in the last quarter. Algert Global LLC acquired a new position in shares of Varex Imaging during the 3rd quarter valued at about $423,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Varex Imaging by 100.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 24,616 shares of the company's stock worth $293,000 after purchasing an additional 12,319 shares during the last quarter.

Insiders Place Their Bets

In other news, SVP Kimberley E. Honeysett sold 4,007 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were 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 directly owns 4,002 shares of the company's stock, valued at approximately $51,265.62. This trade represents a 50.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company's stock.

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Varex Imaging Stock Performance

Shares of VREX traded down $0.04 during mid-day trading on Tuesday, hitting $11.57. The company's stock had a trading volume of 49,711 shares, compared to its average volume of 538,523. 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 one year low of $10.19 and a one year high of $18.30. The stock's 50-day moving average is $13.09 and its two-hundred day moving average is $13.46. The firm has a market capitalization of $476.48 million, a PE ratio of -9.88 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.07 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, sell-side analysts anticipate that Varex Imaging Co. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on VREX. B. Riley reiterated a "buy" rating and set a $22.00 price target (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 research note on Friday, February 7th. Finally, Oppenheimer decreased their price target on shares of Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company in a 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.