Allspring Global Investments Holdings LLC Cuts Stake in Varex Imaging Co. (NASDAQ:VREX)

Allspring Global Investments Holdings LLC lowered its position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,297,875 shares of the company's stock after selling 256,948 shares during the period. Allspring Global Investments Holdings LLC owned about 5.57% of Varex Imaging worth $33,112,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its position in Varex Imaging by 9.2% during the 3rd quarter. Creative Planning now owns 19,644 shares of the company's stock valued at $234,000 after buying an additional 1,654 shares during the period. Intech Investment Management LLC boosted its position 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 buying an additional 1,959 shares during the period. Inspire Advisors LLC boosted its position in Varex Imaging by 29.8% during the 3rd quarter. Inspire Advisors LLC now owns 14,149 shares of the company's stock valued at $169,000 after buying an additional 3,245 shares during the period. Quest Partners LLC purchased a new stake in Varex Imaging during the 3rd quarter valued at $41,000. Finally, Geode Capital Management LLC boosted its position in Varex Imaging by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 929,004 shares of the company's stock valued at $11,076,000 after buying an additional 4,211 shares during the period.

Varex Imaging Stock Up 0.2 %

Shares of Varex Imaging stock traded up $0.02 during trading on Tuesday, hitting $13.29. The company's stock had a trading volume of 78,587 shares, compared to its average volume of 510,707. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32. The company has a fifty day simple moving average of $14.13 and a two-hundred day simple moving average of $13.30. The company has a market capitalization of $547.95 million, a PE ratio of -11.36 and a beta of 0.62. Varex Imaging Co. has a 52 week low of $10.19 and a 52 week high of $18.30.

Varex Imaging (NASDAQ:VREX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 3.96%. Equities research analysts predict that Varex Imaging Co. will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on VREX shares. B. Riley restated a "buy" rating and issued a $22.00 price objective (up 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 report on Friday, February 7th. Finally, Oppenheimer decreased their price objective 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.

Varex Imaging 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.