Algert Global LLC Invests $3.81 Million in Vishay Precision Group, Inc. $VPG

Algert Global LLC bought a new position in Vishay Precision Group, Inc. (NYSE:VPG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,400 shares of the scientific and technical instruments company's stock, valued at approximately $3,808,000. Algert Global LLC owned approximately 0.19% of Vishay Precision Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VPG. Russell Investments Group Ltd. raised its stake in shares of Vishay Precision Group by 826.7% in the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company's stock valued at $36,000 after purchasing an additional 992 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company's stock worth $39,000 after purchasing an additional 944 shares in the last quarter. Strs Ohio bought a new stake in shares of Vishay Precision Group in the 1st quarter valued at about $39,000. Kestra Advisory Services LLC acquired a new stake in Vishay Precision Group during the 4th quarter worth approximately $51,000. Finally, Optiver Holding B.V. increased its position in shares of Vishay Precision Group by 1,195.3% in the first quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company's stock worth $60,000 after purchasing an additional 1,267 shares during the period. Institutional investors own 87.61% of the company's stock.

Analysts Set New Price Targets

VPG has been the topic of a number of recent analyst reports. B. Riley Financial cut their price objective on Vishay Precision Group from $109.00 to $105.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Lake Street Capital raised their price target on Vishay Precision Group from $54.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Wall Street Zen cut Vishay Precision Group from a "buy" rating to a "sell" rating in a report on Saturday, August 8th. Weiss Ratings cut Vishay Precision Group from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Finally, Zacks Research lowered Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $82.33.

Vishay Precision Group Stock Performance

Shares of NYSE VPG opened at $62.39 on Friday. The firm has a market capitalization of $831.03 million, a price-to-earnings ratio of 207.97, a price-to-earnings-growth ratio of 5.61 and a beta of 1.46. The company has a current ratio of 4.15, a quick ratio of 2.72 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $96.86 and a 200 day moving average of $80.29. Vishay Precision Group, Inc. has a 12-month low of $27.54 and a 12-month high of $151.78.

Vishay Precision Group (NYSE:VPG - Get Free Report) 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 analysts' consensus estimates of $0.19 by ($0.15). The company had revenue of $83.94 million during the quarter, compared to the consensus estimate of $87.44 million. Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. On average, research analysts anticipate that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current year.

Vishay Precision Group 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.

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