Varian Medical Systems (VAR) Downgraded to "Hold" at Zacks Investment Research

Lloyd Doyle
April 24, 2018

Gates Capital Management Inc who had been investing in Varian Med Sys Inc for a number of months, seems to be less bullish one the $11.55B market cap company.

The stock increased 0.20% or $0.25 during the last trading session, reaching $126.75. About 267,361 shares traded. ILLINGWORTH DAVID J also sold $692,560 worth of Varian Medical Systems, Inc. (NYSE:VAR) has risen 32.94% since April 22, 2017 and is uptrending. It has outperformed by 21.39% the S&P500.

Pnc Financial Services Group Inc decreased Varian Med Sys Inc (VAR) stake by 3.01% reported in 2017Q4 SEC filing. 1,556 shares valued at $196,792 were sold by MOMSEN MAGNUS on Monday, March 12. The institutional investor held 53,026 shares of the health care company at the end of 2017Q4, valued at $5.88M, down from 104,199 at the end of the previous reported quarter. Graybill Bartz & Assoc Ltd who had been investing in Apple Inc for a number of months, seems to be less bullish one the $840.87 billion market cap company. About 60.26 million shares traded or 55.95% up from the average. (NYSE:UHS) has declined 4.39% since April 21, 2017 and is downtrending. The medical equipment provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.88 by $0.01. Advisory Services Network LLC now owns 1,689 shares of the medical equipment provider's stock valued at $188,000 after acquiring an additional 1,641 shares in the last quarter. VAR's profit will be $94.04 million for 30.70 P/E if the $1.03 EPS becomes a reality.

Among 4 analysts covering Advantage Oil & Gas Ltd. (NYSE:VAR) has "Hold" rating given by Robert W. Baird. Agilent Technologies had 58 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 23 by Bank of America. Goldman Sachs has "Sell" rating and $76 target. On Tuesday, December 8 the stock rating was upgraded by Goldman Sachs to "Buy". The rating was maintained by Roth Capital with "Buy" on Sunday, August 13. The company was maintained on Thursday, October 26 by Robert W. Baird. The stock of Apple Inc. Its up 0.03, from 0.7 in 2017Q3. It fall, as 40 investors sold A shares while 198 reduced holdings. 54 funds opened positions while 112 raised stakes. Alexandria Cap Ltd owns 36,973 shares. (NYSE:A) for 2,168 shares.

Royal Bank Of Canada, which manages about $227.74 billion US Long portfolio, decreased its stake in Northern Tr Corp (NASDAQ:NTRS) by 96,694 shares to 91,706 shares, valued at $9.16 million in 2017Q4, according to the filing. Investors holded 89.98 million in 2017Q3 but now own 87.00 million shares or 3.31% less. Capstone Invest Advisors Ltd Co stated it has 2,718 shares. The New Hampshire-based Ledyard Commercial Bank has invested 0.03% in Varian Medical Systems, Inc. WASHINGTON TRUST Co now owns 970 shares of the medical equipment provider's stock worth $108,000 after acquiring an additional 485 shares during the period. (NYSE:VAR). Gw Henssler And Associate holds 6,280 shares or 0.07% of its portfolio. First Mercantile Trust Co. now owns 1,093 shares of the medical equipment provider's stock worth $100,000 after buying an additional 25 shares during the last quarter. 2,160 were reported by Parallax Volatility Advisers Limited Partnership. Independent Order Of Foresters holds 940 shares.

Since December 12, 2017, it had 0 buys, and 20 insider sales for $22.34 million activity. GUERTIN TIMOTHY E sold $1.11 million worth of stock or 10,000 shares. Varian Medical Systems, Inc. (NYSE:VAR) or 699 shares.


Varian Medical Systems earned a media sentiment score of 0.15 on Accern's scale. The medical equipment provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.00 by $0.06. Another trade for 10,000 shares valued at $1.11M was sold by GUERTIN TIMOTHY E. BOSTROM SUSAN L also sold $235,413 worth of Varian Medical Systems, Inc. 63 funds amassed positions and 122 increased positions. Teacher Retirement Sys Of Texas has 0.02% invested in Varian Medical Systems, Inc.

Media headlines about Varian Medical Systems (NYSE:VAR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. California-based Advisor Lc has invested 0.04% in Varian Medical Systems, Inc.

Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings data on Wednesday, January 24th. Credit Suisse Ag, Switzerland-based fund reported 270,752 shares. Ubs Asset Management Americas accumulated 586,594 shares. Fdx Advsrs Inc owns 9,352 shares. Us National Bank De reported 0.02% stake. Private Na reported 0.05% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR). Zevin Asset Mngmt holds 3,000 shares or 0.08% of its portfolio. Tiverton Asset Ltd Liability Company invested in 1,392 shares or 0.01% of the stock. (NYSE:VAR) for 3,869 shares. Hm Payson & Comm reported 16,814 shares or 0.08% of all its holdings. First Quadrant LP Ca reported 472,968 shares. Glenmede Na owns 74,910 shares. After $1.06 actual EPS reported by Varian Medical Systems, Inc. for the previous quarter, Wall Street now forecasts -2.83% negative EPS growth. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. Therefore 42% are positive. Barrington upgraded Varian Medical Systems, Inc. (NYSE:DQ) on Friday, July 14 with "Buy" rating. On Thursday, January 25 the firm earned "Hold" rating by RBC Capital Markets. The firm has "Buy" rating by Jefferies given on Wednesday, October 25. The firm earned "Buy" rating on Thursday, January 25 by Barrington. As per Monday, October 30, the company rating was maintained by Citigroup.

Varian Medical Systems, Inc. designs, makes, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. (NYSE:VAR) on Monday, September 28 to "Sell" rating. Varian Medical Systems had a return on equity of 24.63% and a net margin of 10.35%. In Monday, October 30 report Citigroup maintained the stock with "Neutral" rating.

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