Annex Advisory Services LLC Reduces Stock Holdings in Vishay Precision Group, Inc. $VPG

Key Points

• Annex Advisory Services cut its Vishay Precision Group stake by 62.1% in the second quarter, selling 14,450 shares and retaining 8,809 shares worth about $1.32 million. Institutional investors still own 87.61% of the company.
• Vishay Precision Group’s latest results fell short of expectations, reporting $0.04 EPS versus the $0.19 consensus and revenue of $83.94 million compared with estimates of $87.44 million.
• Analyst sentiment remains mixed but leans positive: the stock has a “Moderate Buy” consensus rating with an average target price of $82.33, despite recent upgrades, downgrades and price-target revisions.

Annex Advisory Services LLC lessened its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) by 62.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,809 shares of the scientific and technical instruments company's stock after selling 14,450 shares during the period. Annex Advisory Services LLC owned approximately 0.07% of Vishay Precision Group worth $1,321,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP lifted its holdings in shares of Vishay Precision Group by 0.9% in the 1st quarter. Quantinno Capital Management LP now owns 36,869 shares of the scientific and technical instruments company's stock worth $1,601,000 after acquiring an additional 314 shares during the last quarter. LPL Financial LLC grew its holdings in Vishay Precision Group by 6.3% during the 4th quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company's stock valued at $290,000 after purchasing an additional 448 shares during the last quarter. UBS Group AG grew its holdings in Vishay Precision Group by 0.8% during the 3rd quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company's stock valued at $2,171,000 after purchasing an additional 523 shares during the last quarter. K2 Principal Fund L.P. raised its position in Vishay Precision Group by 9.0% in the 4th quarter. K2 Principal Fund L.P. now owns 10,900 shares of the scientific and technical instruments company's stock worth $420,000 after purchasing an additional 900 shares during the period. Finally, Strs Ohio purchased a new stake in Vishay Precision Group in the 1st quarter worth about $39,000. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Stock Up 3.6%

NYSE:VPG opened at $69.57 on Thursday. Vishay Precision Group, Inc. has a 1-year low of $26.74 and a 1-year high of $151.78. The company has a 50-day moving average of $112.73 and a 200 day moving average of $79.04. The firm has a market cap of $925.28 million, a PE ratio of 231.91, a price-to-earnings-growth ratio of 5.69 and a beta of 1.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.15 and a quick ratio of 2.72.

Vishay Precision Group (NYSE:VPG - Get Free Report) last issued its 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 return on equity of 1.77% and a net margin of 1.20%.The business had revenue of $83.94 million for the quarter, compared to the consensus estimate of $87.44 million. As a group, research analysts anticipate that Vishay Precision Group, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings raised shares of Vishay Precision Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 4th. B. Riley Financial reduced their price target 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 lowered Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Lake Street Capital boosted their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded Vishay Precision Group from a "buy" rating to a "sell" rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.33.

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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