BlackRock Inc. Invests $152.19 Million in Vishay Precision Group, Inc. $VPG

Key Points

• BlackRock acquired 1,015,199 shares of Vishay Precision Group during the second quarter, investing approximately $152.2 million for a 7.63% stake. Institutional investors collectively own 87.61% of VPG.
• Analyst sentiment is mixed, with two Buy ratings, one Hold and one Sell; MarketBeat reports a consensus rating of Hold and an average price target of $82.33.
• VPG’s latest quarterly results missed expectations, reporting adjusted EPS of $0.04 versus $0.19 expected and revenue of $83.94 million versus $87.44 million forecast. The stock opened at $62.39, well below its 52-week high of $151.78.

BlackRock Inc. purchased a new stake in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,015,199 shares of the scientific and technical instruments company's stock, valued at approximately $152,188,000. BlackRock Inc. owned approximately 7.63% of Vishay Precision Group at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Roubaix Capital LLC acquired a new stake in shares of Vishay Precision Group in the first quarter valued at approximately $6,989,000. Assenagon Asset Management S.A. acquired a new position in shares of Vishay Precision Group during the 2nd quarter worth approximately $2,720,000. Bastion Asset Management Inc. raised its position in shares of Vishay Precision Group by 31.0% during the 1st 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 last quarter. Sei Investments Co. lifted its stake in Vishay Precision Group by 71.3% in the 1st quarter. Sei Investments Co. now owns 167,086 shares of the scientific and technical instruments company's stock valued at $7,255,000 after buying an additional 69,573 shares in the last quarter. Finally, Andar Capital Management HK Ltd acquired a new stake in Vishay Precision Group during the 2nd quarter valued at $45,000,000. 87.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on VPG shares. Wall Street Zen downgraded Vishay Precision Group from a "buy" rating to a "sell" rating in a research report on Saturday, August 8th. B. Riley Financial decreased 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 lifted their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Weiss Ratings downgraded shares of Vishay Precision Group from a "hold (c)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th. Finally, Zacks Research lowered shares of Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Vishay Precision Group has a consensus rating of "Hold" and a consensus target price of $82.33.

Vishay Precision Group Price Performance

VPG opened at $62.39 on Friday. The company has a market capitalization of $831.03 million, a P/E ratio of 207.97, a PEG ratio of 5.61 and a beta of 1.46. The company has a 50-day moving average of $96.86 and a 200-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 1-year low of $27.54 and a 1-year high of $151.78.

Vishay Precision Group (NYSE:VPG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.15). The company had revenue of $83.94 million for the quarter, compared to the consensus estimate of $87.44 million. Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. Equities analysts expect that Vishay Precision Group, Inc. will post 0.59 EPS for the current fiscal year.

About Vishay Precision Group

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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