38,070 Shares in Varex Imaging (VREX) Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN acquired a new stake in shares of Varex Imaging (NASDAQ:VREX) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 38,070 shares of the company’s stock, valued at approximately $1,287,000. Wells Fargo & Company MN owned approximately 0.10% of Varex Imaging at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Security National Trust Co. bought a new stake in Varex Imaging during the 2nd quarter valued at about $108,000. Oppenheimer Asset Management Inc. bought a new stake in Varex Imaging during the 2nd quarter valued at about $136,000. Hussman Strategic Advisors Inc. bought a new stake in Varex Imaging during the 2nd quarter valued at about $147,000. Seaward Management Limited Partnership bought a new stake in Varex Imaging during the 2nd quarter valued at about $213,000. Finally, Independent Order of Foresters bought a new stake in Varex Imaging during the 2nd quarter valued at about $243,000. Institutional investors own 91.33% of the company’s stock.

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VREX has been the subject of a number of research analyst reports. Jefferies Group LLC initiated coverage on shares of Varex Imaging in a report on Wednesday, August 9th. They set a “buy” rating and a $34.00 price objective for the company. Zacks Investment Research upgraded shares of Varex Imaging from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, J P Morgan Chase & Co upgraded shares of Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 price objective for the company in a report on Tuesday, August 8th.

Shares of Varex Imaging (NASDAQ VREX) opened at 34.37 on Wednesday. Varex Imaging has a one year low of $25.00 and a one year high of $36.58. The company has a market cap of $1.29 billion and a price-to-earnings ratio of 21.99. The company’s 50-day moving average is $33.26 and its 200-day moving average is $32.76.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). The firm had revenue of $170.00 million for the quarter, compared to analyst estimates of $179.05 million. The business’s revenue was up 12.6% on a year-over-year basis. On average, equities analysts predict that Varex Imaging will post $1.59 EPS for the current year.

About Varex Imaging

Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.

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

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