Concurrent Investment Advisors LLC Buys New Position in Vishay Precision Group, Inc. $VPG

Concurrent Investment Advisors LLC bought a new stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,964 shares of the scientific and technical instruments company’s stock, valued at approximately $4,042,000.

A number of other institutional investors also recently made changes to their positions in VPG. Roubaix Capital LLC bought a new position in shares of Vishay Precision Group in the first quarter valued at approximately $6,989,000. Assenagon Asset Management S.A. bought a new stake in Vishay Precision Group during the second quarter worth approximately $2,720,000. Bastion Asset Management Inc. lifted its position in Vishay Precision Group by 31.0% in the first quarter. Bastion Asset Management Inc. now owns 224,196 shares of the scientific and technical instruments company’s stock worth $9,813,000 after purchasing an additional 53,102 shares during the period. Sei Investments Co. lifted its position in Vishay Precision Group by 71.3% in the first quarter. Sei Investments Co. now owns 167,086 shares of the scientific and technical instruments company’s stock worth $7,255,000 after purchasing an additional 69,573 shares during the period. Finally, Andar Capital Management HK Ltd bought a new position in Vishay Precision Group during the 2nd quarter valued at $45,000,000. 87.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VPG has been the topic of several research analyst reports. Lake Street Capital lifted their price target on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings cut Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. B. Riley Financial lowered their target price on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Zacks Research cut shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Wall Street Zen lowered shares of Vishay Precision Group from a “buy” rating to a “sell” rating in a research report on Saturday, August 8th. Two 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. According to MarketBeat, Vishay Precision Group currently has an average rating of “Hold” and a consensus target price of $82.33.

Vishay Precision Group Stock Down 0.3%

Shares of Vishay Precision Group stock opened at $62.81 on Tuesday. Vishay Precision Group, Inc. has a 12-month low of $28.71 and a 12-month high of $151.78. The firm has a market capitalization of $836.63 million, a PE ratio of 209.37, a price-to-earnings-growth ratio of 5.34 and a beta of 1.42. The company has a quick ratio of 2.72, a current ratio of 4.15 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $88.07 and its 200-day moving average is $81.11.

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

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.