Acuitas Investments LLC Purchases 941,622 Shares of Vishay Precision Group, Inc. $VPG

Acuitas Investments LLC grew its position in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 1,319.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,012,976 shares of the scientific and technical instruments company’s stock after buying an additional 941,622 shares during the quarter. Vishay Precision Group makes up approximately 13.9% of Acuitas Investments LLC’s portfolio, making the stock its 2nd largest position. Acuitas Investments LLC owned 0.08% of Vishay Precision Group worth $32,466,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VPG. GAMMA Investing LLC grew its stake in shares of Vishay Precision Group by 2,638.2% in the second quarter. GAMMA Investing LLC now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 897 shares in the last quarter. State of Wyoming bought a new stake in Vishay Precision Group in the 2nd quarter valued at about $80,000. Sei Investments Co. bought a new stake in Vishay Precision Group in the 2nd quarter valued at about $218,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Vishay Precision Group during the 2nd quarter worth approximately $225,000. Finally, Moody National Bank Trust Division bought a new position in shares of Vishay Precision Group during the third quarter worth approximately $225,000. Institutional investors own 87.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Loop Capital set a $44.00 price target on Vishay Precision Group in a research note on Thursday, December 18th. Lake Street Capital began coverage on Vishay Precision Group in a report on Thursday, December 18th. They issued a “buy” rating and a $44.00 price objective for the company. Wall Street Zen lowered Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings cut shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.83.

Vishay Precision Group Trading Up 13.1%

VPG opened at $50.20 on Friday. The company has a market cap of $666.67 million, a P/E ratio of 83.67, a PEG ratio of 2.12 and a beta of 0.83. The company has a current ratio of 4.10, a quick ratio of 2.71 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $39.56 and its 200-day moving average is $33.97. Vishay Precision Group, Inc. has a 1-year low of $18.57 and a 1-year high of $50.55.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $79.73 million during the quarter, compared to analysts’ expectations of $76.63 million. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. Equities research analysts predict that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current fiscal 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.