Free Trial

Wellington Management Group LLP Invests $19.80 Million in Varex Imaging Co. (NASDAQ:VREX)

Varex Imaging logo with Medical background

Wellington Management Group LLP purchased a new stake in Varex Imaging Co. (NASDAQ:VREX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,661,164 shares of the company's stock, valued at approximately $19,801,000. Wellington Management Group LLP owned approximately 4.06% of Varex Imaging as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Varex Imaging during the 2nd quarter worth $26,000. Canada Pension Plan Investment Board acquired a new position in shares of Varex Imaging in the 2nd quarter valued at $38,000. Quest Partners LLC bought a new stake in shares of Varex Imaging in the 3rd quarter valued at $41,000. CWM LLC increased its position 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 valued at $114,000 after buying an additional 9,203 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Varex Imaging during the 1st quarter worth $207,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. B. Riley initiated coverage on Varex Imaging in a report on Friday, August 23rd. They set a "buy" rating and a $21.00 price objective on the stock. StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Wednesday, November 27th.

Get Our Latest Stock Analysis on VREX

Varex Imaging Price Performance

Shares of NASDAQ:VREX traded down $0.08 during mid-day trading on Friday, reaching $15.44. 326,307 shares of the stock were exchanged, compared to its average volume of 737,915. Varex Imaging Co. has a one year low of $10.19 and a one year high of $21.50. The stock's 50 day simple moving average is $14.07 and its 200-day simple moving average is $13.58. The company has a quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72.

Varex Imaging Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

Should you invest $1,000 in Varex Imaging right now?

Before you consider Varex Imaging, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Varex Imaging wasn't on the list.

While Varex Imaging currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Broadcom Hits $1 Trillion – Can This AI Powerhouse Go Higher?
SoundHound Stock Explodes Again – Is a Major Breakout Coming?
How Fintech Strategy at FinWise Bancorp and CEO Vision Are Driving 78% Gains

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines