Handelsbanken Fonder AB Has $4.52 Million Stock Position in Vishay Precision Group, Inc. $VPG

Handelsbanken Fonder AB raised its holdings in Vishay Precision Group, Inc. (NYSE:VPG) by 1,456.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,070 shares of the scientific and technical instruments company’s stock after purchasing an additional 132,005 shares during the quarter. Handelsbanken Fonder AB’s holdings in Vishay Precision Group were worth $4,521,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Y Intercept Hong Kong Ltd bought a new stake in shares of Vishay Precision Group during the 2nd quarter worth $877,000. Pekin Hardy Strauss Inc. bought a new position in Vishay Precision Group in the second quarter valued at about $351,000. First Eagle Investment Management LLC raised its stake in Vishay Precision Group by 72.2% during the second quarter. First Eagle Investment Management LLC now owns 223,642 shares of the scientific and technical instruments company’s stock worth $6,284,000 after acquiring an additional 93,798 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd bought a new position in shares of Vishay Precision Group in the second quarter worth about $1,111,000. Finally, CSM Advisors LLC acquired a new stake in shares of Vishay Precision Group in the 2nd quarter valued at approximately $5,565,000. Institutional investors and hedge funds own 87.61% of the company’s stock.

Vishay Precision Group Price Performance

VPG stock opened at $49.38 on Tuesday. The company has a fifty day moving average price of $45.05 and a 200-day moving average price of $37.41. The company has a market capitalization of $655.70 million, a P/E ratio of 123.44, a PEG ratio of 3.03 and a beta of 0.86. Vishay Precision Group, Inc. has a 52-week low of $18.57 and a 52-week high of $56.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.71 and a current ratio of 4.10.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). The business had revenue of $80.57 million during the quarter, compared to the consensus estimate of $78.08 million. Vishay Precision Group had a return on equity of 2.17% and a net margin of 1.72%. As a group, equities analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Vishay Precision Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. B. Riley Financial reaffirmed a “buy” rating and set a $63.00 target price (up from $45.00) on shares of Vishay Precision Group in a research note on Tuesday, February 3rd. Loop Capital set a $44.00 price target on Vishay Precision Group in a research note on Thursday, December 18th. Lake Street Capital set a $54.00 price objective on Vishay Precision Group and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Wall Street Zen lowered Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.67.

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.