Algert Global LLC Acquires New Shares in Vishay Precision Group, Inc. $VPG

Algert Global LLC acquired a new stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 25,400 shares of the scientific and technical instruments company’s stock, valued at approximately $3,808,000.

Other hedge funds also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd acquired a new position in shares of Vishay Precision Group during the 2nd quarter worth approximately $45,000,000. BlackRock Inc. acquired a new stake in shares of Vishay Precision Group in the second quarter valued at $152,188,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Vishay Precision Group during the second quarter worth approximately $69,844,000. Tema ETFs LLC raised its position in Vishay Precision Group by 108,291.4% in the second quarter. Tema ETFs LLC now owns 264,475 shares of the scientific and technical instruments company’s stock worth $39,647,000 after acquiring an additional 264,231 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Vishay Precision Group during the fourth quarter valued at $9,732,000. 87.61% of the stock is owned by institutional investors and hedge funds.

Vishay Precision Group Stock Performance

Shares of Vishay Precision Group stock opened at $62.39 on Friday. The stock has a market capitalization of $831.03 million, a price-to-earnings ratio of 207.97, a PEG ratio of 5.61 and a beta of 1.46. The firm has a fifty day moving average of $96.86 and a two-hundred day moving average of $80.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 4.15. Vishay Precision Group, Inc. has a 52 week low of $27.54 and a 52 week high of $151.78.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.15). Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. The firm had revenue of $83.94 million during the quarter, compared to analyst estimates of $87.44 million. As a group, equities research analysts predict that Vishay Precision Group, Inc. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VPG shares. B. Riley Financial dropped their target price on shares of Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Lake Street Capital lifted their target price on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Zacks Research lowered shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings lowered Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen cut shares of Vishay Precision Group from a “buy” rating to a “sell” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $82.33.

Vishay Precision Group Company Profile

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.