KLP Kapitalforvaltning AS Buys New Shares in Varex Imaging Co. (NASDAQ:VREX)

KLP Kapitalforvaltning AS purchased a new position in shares of Varex Imaging Co. (NASDAQ:VREX) during the 4th quarter, Holdings Channel reports. The fund purchased 6,700 shares of the company’s stock, valued at approximately $98,000.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in Varex Imaging during the third quarter worth about $19,801,000. Wealthfront Advisers LLC bought a new stake in shares of Varex Imaging during the 4th quarter worth approximately $18,900,000. Geode Capital Management LLC boosted its holdings 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 valued at $11,076,000 after buying an additional 4,211 shares during the last quarter. Royce & Associates LP grew its stake in shares of Varex Imaging by 70.4% in the fourth quarter. Royce & Associates LP now owns 746,770 shares of the company’s stock valued at $10,895,000 after buying an additional 308,629 shares in the last quarter. Finally, Boston Partners bought a new stake in Varex Imaging during the fourth quarter worth $8,718,000.

Varex Imaging Price Performance

NASDAQ:VREX opened at $7.74 on Friday. The firm’s fifty day moving average price is $12.11 and its two-hundred day moving average price is $13.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50. The company has a market cap of $318.89 million, a P/E ratio of -6.62 and a beta of 0.65. Varex Imaging Co. has a one year low of $7.33 and a one year high of $18.17.

Varex Imaging (NASDAQ:VREX) last released 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 negative net margin of 5.79% and a positive return on equity of 4.00%. Equities analysts expect that Varex Imaging Co. will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Sunny Sanyal sold 8,749 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $2,137,769.32. This represents a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kimberley E. Honeysett sold 4,007 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total value of $51,329.67. Following the sale, the senior vice president now owns 4,002 shares of the company’s stock, valued at approximately $51,265.62. The trade was a 50.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th. StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Oppenheimer dropped their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th.

About Varex Imaging

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.