Principal Financial Group Inc. Sells 182,453 Shares of Varex Imaging Co. (NASDAQ:VREX)

Principal Financial Group Inc. cut its holdings in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 83.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,230 shares of the company's stock after selling 182,453 shares during the quarter. Principal Financial Group Inc. owned 0.09% of Varex Imaging worth $444,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VREX. Canada Pension Plan Investment Board acquired a new position in Varex Imaging during the 2nd quarter worth approximately $38,000. Quest Partners LLC acquired a new position in shares of Varex Imaging during the third quarter worth approximately $41,000. CWM LLC lifted its holdings in shares of Varex Imaging by 2,384.2% in the 3rd quarter. CWM LLC now owns 9,589 shares of the company's stock worth $114,000 after purchasing an additional 9,203 shares in the last quarter. Inspire Advisors LLC grew its position in Varex Imaging by 29.8% in the 3rd quarter. Inspire Advisors LLC now owns 14,149 shares of the company's stock valued at $169,000 after purchasing an additional 3,245 shares during the period. Finally, Intech Investment Management LLC increased its stake in Varex Imaging by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company's stock valued at $194,000 after purchasing an additional 1,959 shares in the last quarter.

Varex Imaging Stock Up 1.7 %

Shares of VREX stock traded up $0.24 during trading hours on Monday, reaching $14.50. The company had a trading volume of 441,231 shares, compared to its average volume of 427,844. The company has a market cap of $597.85 million, a price-to-earnings ratio of -12.39 and a beta of 0.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97. Varex Imaging Co. has a 12 month low of $10.19 and a 12 month high of $21.06. The business has a fifty day simple moving average of $14.86 and a 200-day simple moving average of $13.47.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Varex Imaging from a "hold" rating to a "buy" rating in a research note on Wednesday, November 27th.

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.