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

Key Points

• Concurrent Investment Advisors acquired 26,964 shares of Vishay Precision Group worth approximately $4.04 million, representing about 0.20% of the company. Institutional investors collectively own 87.61% of VPG.
• Analyst sentiment is mixed: the consensus rating is Hold with an average price target of $82.33, while recent firms have issued both upgrades and downgrades.
• VPG reported quarterly EPS of $0.04, missing estimates of $0.19, while revenue of $83.94 million fell short of the $87.44 million consensus forecast. The stock recently opened at $62.81, well below its 52-week high of $151.78.

Concurrent Investment Advisors LLC acquired a new stake in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,964 shares of the scientific and technical instruments company's stock, valued at approximately $4,042,000. Concurrent Investment Advisors LLC owned approximately 0.20% of Vishay Precision Group as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VPG. Roubaix Capital LLC acquired a new stake in shares of Vishay Precision Group during the 1st quarter valued at approximately $6,989,000. Assenagon Asset Management S.A. acquired a new position in Vishay Precision Group in the second quarter worth $2,720,000. Bastion Asset Management Inc. increased its stake in Vishay Precision Group by 31.0% during the first quarter. Bastion Asset Management Inc. now owns 224,196 shares of the scientific and technical instruments company's stock valued at $9,813,000 after purchasing an additional 53,102 shares during the last quarter. Sei Investments Co. increased its stake in Vishay Precision Group by 71.3% during the first quarter. Sei Investments Co. now owns 167,086 shares of the scientific and technical instruments company's stock valued at $7,255,000 after purchasing an additional 69,573 shares during the last quarter. Finally, Andar Capital Management HK Ltd acquired a new stake in shares of Vishay Precision Group during the second quarter worth $45,000,000. Institutional investors own 87.61% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on VPG shares. Lake Street Capital lifted their price target on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Vishay Precision Group from a "buy" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of Vishay Precision Group from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Zacks Research downgraded Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Finally, B. Riley Financial lowered their target price on Vishay Precision Group from $109.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $82.33.

Vishay Precision Group Stock Performance

VPG opened at $62.81 on Tuesday. The business's 50 day moving average is $88.07 and its 200-day moving average is $81.11. The stock has a market cap 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 current ratio of 4.15, a quick ratio of 2.72 and a debt-to-equity ratio of 0.05. Vishay Precision Group, Inc. has a twelve month low of $28.71 and a twelve month high of $151.78.

Vishay Precision Group (NYSE:VPG - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $87.44 million. On average, analysts predict 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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