Deutsche Bank AG Buys New Shares in Vishay Precision Group, Inc. $VPG

Key Points

• Deutsche Bank AG initiated a position in Vishay Precision Group by purchasing 112,045 shares worth approximately $16.8 million, representing about 0.84% of the company. Institutional investors and hedge funds collectively own 87.61% of VPG.
• Vishay Precision Group reported quarterly earnings of $0.04 per share, missing analyst expectations of $0.19, while revenue of $83.94 million also fell short of estimates. Analysts project full-year earnings of $0.59 per share.
• Analyst sentiment is mixed, with two Buy ratings, one Hold and one Sell; the consensus rating is Hold with an average price target of $82.33, compared with a recent share price of $66.75.

Deutsche Bank AG bought a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 112,045 shares of the scientific and technical instruments company's stock, valued at approximately $16,797,000. Deutsche Bank AG owned approximately 0.84% of Vishay Precision Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Roubaix Capital LLC bought a new stake in shares of Vishay Precision Group during the 1st quarter worth $6,989,000. Assenagon Asset Management S.A. acquired a new position in shares of Vishay Precision Group in the 2nd quarter worth $2,720,000. Bastion Asset Management Inc. grew its holdings in shares of Vishay Precision Group by 31.0% in 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 acquiring an additional 53,102 shares during the last quarter. Sei Investments Co. raised its position in shares of 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 worth $7,255,000 after purchasing an additional 69,573 shares during the period. 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 and hedge funds own 87.61% of the company's stock.

Vishay Precision Group Price Performance

VPG opened at $66.75 on Friday. The firm has a market capitalization of $889.11 million, a P/E ratio of 222.51, a PEG ratio of 5.64 and a beta of 1.46. The stock has a fifty day moving average of $104.42 and a 200-day moving average of $79.89. The company has a quick ratio of 2.72, a current ratio of 4.15 and a debt-to-equity ratio of 0.05. Vishay Precision Group, Inc. has a 12-month low of $27.33 and a 12-month 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.15). The business had revenue of $83.94 million for the quarter, compared to analysts' expectations of $87.44 million. Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. Equities analysts forecast that Vishay Precision Group, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. B. Riley Financial reduced 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. Wall Street Zen cut Vishay Precision Group from a "buy" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings downgraded Vishay Precision Group from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday. Zacks Research lowered shares of Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Lake Street Capital raised their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Two equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $82.33.

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.

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