BlackRock Maintains 5.0% Passive Stake in Varex Imaging
Ticker: VREX · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1681622
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment
TL;DR
**BlackRock still owns 5.0% of Varex Imaging, signaling passive confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, disclosing its ownership of Varex Imaging Corporation's Common Stock as of December 31, 2023. This filing indicates BlackRock's continued significant, but passive, investment in Varex, holding 5.0% of the company's shares. For investors, this means a major institutional player maintains a substantial stake, which can signal confidence in Varex's long-term prospects, but the passive nature suggests no immediate activist intentions.
Why It Matters
This filing confirms BlackRock, a global investment giant, continues to hold a significant portion of Varex Imaging, providing a vote of confidence in the company's stability and future outlook.
Risk Assessment
Risk Level: low — The filing indicates a stable, passive institutional ownership, which generally reduces volatility and activist risk.
Analyst Insight
Investors should note BlackRock's continued passive stake, which suggests stability rather than immediate catalysts. This filing doesn't indicate any change in investment strategy from BlackRock, so current or prospective Varex shareholders should focus on Varex's operational performance and market conditions.
Key Numbers
- 5.0% — Ownership Percentage (BlackRock's stake in Varex Imaging Corp's Common Stock as of December 31, 2023.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Varex Imaging Corp (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- 5.0% (dollar_amount) — BlackRock's ownership percentage of Varex Imaging's common stock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Varex Imaging for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, an amendment to a Schedule 13G, filed by BlackRock Inc. regarding its ownership in Varex Imaging Corporation.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated in the filing.
What is the CUSIP Number for Varex Imaging Corporation's Common Stock?
The CUSIP Number for Varex Imaging Corporation's Common Stock is 92214X106, as indicated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as marked with an 'X' in the filing.
What is BlackRock Inc.'s business address as listed in the filing?
BlackRock Inc.'s business address is 50 HUDSON YARDS, NEW YORK, NY 10001, according to the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding Varex Imaging Corp (VREX).