Wells Fargo & Company MN Sells 79,626 Shares of Varex Imaging Co. (NASDAQ:VREX)

Wells Fargo & Company MN cut its position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 45.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,387 shares of the company's stock after selling 79,626 shares during the period. Wells Fargo & Company MN owned about 0.23% of Varex Imaging worth $1,392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VREX. Wealthfront Advisers LLC bought a new position in shares of Varex Imaging in the 4th quarter worth $18,900,000. Geode Capital Management LLC raised its position in shares of Varex Imaging by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 929,004 shares of the company's stock worth $11,076,000 after acquiring an additional 4,211 shares in the last quarter. Royce & Associates LP raised its position in shares of Varex Imaging by 70.4% in the 4th quarter. Royce & Associates LP now owns 746,770 shares of the company's stock worth $10,895,000 after acquiring an additional 308,629 shares in the last quarter. Boston Partners bought a new position in shares of Varex Imaging in the 4th quarter worth $8,718,000. Finally, Rice Hall James & Associates LLC raised its position in shares of Varex Imaging by 240.7% in the 4th quarter. Rice Hall James & Associates LLC now owns 328,692 shares of the company's stock worth $4,796,000 after acquiring an additional 232,229 shares in the last quarter.

Insider Buying and Selling at Varex Imaging

In other Varex Imaging news, CEO Sunny Sanyal sold 8,749 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $11.24, for a total transaction of $98,338.76. Following the sale, the chief executive officer now owns 190,193 shares in the company, valued at approximately $2,137,769.32. The trade was a 4.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kimberley E. Honeysett sold 4,007 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.81, for a total value of $51,329.67. Following the completion of the sale, the senior vice president now owns 4,002 shares in the company, valued at $51,265.62. The trade was a 50.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.30% of the company's stock.

Varex Imaging Trading Up 3.7 %

Shares of NASDAQ:VREX opened at $8.62 on Monday. The business's 50-day moving average is $10.79 and its 200 day moving average is $12.98. Varex Imaging Co. has a 1 year low of $6.97 and a 1 year high of $17.09. The firm has a market capitalization of $355.14 million, a P/E ratio of -7.37 and a beta of 0.65. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. On average, research analysts predict that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com raised Varex Imaging from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Oppenheimer reduced their target price on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Finally, B. Riley reaffirmed a "buy" rating and set a $22.00 target price (up from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th.

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.

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