Texas Permanent School Fund decreased its stake in shares of Varex Imaging Corp (NASDAQ:VREX) by 7.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,374 shares of the company’s stock after selling 2,030 shares during the quarter. Texas Permanent School Fund’s holdings in Varex Imaging were worth $1,019,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. American International Group Inc. increased its position in Varex Imaging by 5.8% during the third quarter. American International Group Inc. now owns 29,823 shares of the company’s stock worth $1,009,000 after buying an additional 1,624 shares in the last quarter. Rhumbline Advisers increased its position in Varex Imaging by 2.5% during the third quarter. Rhumbline Advisers now owns 76,119 shares of the company’s stock worth $2,576,000 after buying an additional 1,860 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in Varex Imaging by 22.9% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 10,200 shares of the company’s stock worth $345,000 after buying an additional 1,900 shares in the last quarter. SG Americas Securities LLC increased its position in Varex Imaging by 9.2% during the third quarter. SG Americas Securities LLC now owns 34,304 shares of the company’s stock worth $1,161,000 after buying an additional 2,876 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Varex Imaging during the second quarter worth $112,000. 92.87% of the stock is owned by institutional investors.

In other news, insider Sunny Sanyal sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $36.50, for a total transaction of $1,825,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

VREX has been the subject of several recent research reports. Jefferies Group raised their price target on Varex Imaging to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded Varex Imaging from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. upgraded Varex Imaging from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 20th.

Shares of Varex Imaging Corp (VREX) opened at $36.21 on Wednesday. Varex Imaging Corp has a fifty-two week low of $27.80 and a fifty-two week high of $43.76. The company has a current ratio of 3.25, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1,368.73 and a price-to-earnings ratio of 21.84.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.17). Varex Imaging had a return on equity of 16.90% and a net margin of 7.24%. The business had revenue of $176.20 million for the quarter, compared to analyst estimates of $194.00 million. During the same quarter last year, the business earned $0.37 EPS. Varex Imaging’s revenue for the quarter was up 11.9% compared to the same quarter last year. research analysts expect that Varex Imaging Corp will post 1.87 EPS for the current fiscal year.

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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.

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

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