Knights of Columbus Asset Advisors LLC Has $6.95 Million Position in Varex Imaging Co. (NASDAQ:VREX)

Knights of Columbus Asset Advisors LLC grew its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 99.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 338,876 shares of the company’s stock after acquiring an additional 168,644 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Varex Imaging were worth $6,947,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Varex Imaging by 36.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,859 shares of the company’s stock valued at $231,000 after buying an additional 2,901 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of Varex Imaging by 59.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,968 shares of the company’s stock valued at $62,000 after buying an additional 730 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Varex Imaging by 31.0% in the 1st quarter. JPMorgan Chase & Co. now owns 347,400 shares of the company’s stock valued at $7,396,000 after buying an additional 82,155 shares during the period. Raymond James & Associates acquired a new stake in shares of Varex Imaging in the 1st quarter valued at about $235,000. Finally, Citigroup Inc. grew its stake in shares of Varex Imaging by 10.2% in the 1st quarter. Citigroup Inc. now owns 39,115 shares of the company’s stock valued at $833,000 after buying an additional 3,627 shares during the period.

Varex Imaging Stock Performance

Shares of Varex Imaging stock traded up $0.09 during mid-day trading on Friday, hitting $17.01. 55,742 shares of the stock were exchanged, compared to its average volume of 319,644. Varex Imaging Co. has a 12 month low of $16.62 and a 12 month high of $23.90. The company has a 50-day simple moving average of $17.43 and a 200 day simple moving average of $18.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.37 and a current ratio of 4.30. The company has a market capitalization of $690.61 million, a P/E ratio of 17.71, a P/E/G ratio of 2.44 and a beta of 0.69.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Tuesday, February 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $190.00 million for the quarter, compared to the consensus estimate of $187.97 million. Varex Imaging had a return on equity of 9.21% and a net margin of 5.08%. Varex Imaging’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 EPS. Sell-side analysts anticipate that Varex Imaging Co. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, TheStreet downgraded Varex Imaging from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th.

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.