Russell Investments Group Ltd. Has $296,000 Stake in Vishay Precision Group, Inc. (VPG)
Russell Investments Group Ltd. cut its position in Vishay Precision Group, Inc. (NYSE:VPG) by 16.2% during the first quarter, Holdings Channel reports. The institutional investor owned 18,745 shares of the scientific and technical instruments company’s stock after selling 3,626 shares during the period. Russell Investments Group Ltd.’s holdings in Vishay Precision Group were worth $296,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in VPG. Metropolitan Life Insurance Co. NY boosted its position in Vishay Precision Group by 852.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,507 shares of the scientific and technical instruments company’s stock worth $180,000 after buying an additional 8,509 shares in the last quarter. State Street Corp boosted its position in Vishay Precision Group by 9.5% in the fourth quarter. State Street Corp now owns 235,790 shares of the scientific and technical instruments company’s stock worth $4,458,000 after buying an additional 20,409 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Vishay Precision Group by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 416,000 shares of the scientific and technical instruments company’s stock worth $7,862,000 after buying an additional 24,900 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.
Shares of Vishay Precision Group, Inc. (NYSE VPG) opened at 17.50 on Wednesday. Vishay Precision Group, Inc. has a 52 week low of $11.75 and a 52 week high of $19.44. The stock has a market cap of $231.30 million, a PE ratio of 29.61 and a beta of 0.95. The stock has a 50 day moving average of $17.55 and a 200-day moving average of $17.10.
Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, May 9th. The scientific and technical instruments company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. Vishay Precision Group had a net margin of 3.47% and a return on equity of 6.19%. The business had revenue of $59.80 million during the quarter, compared to analysts’ expectations of $58.04 million. During the same period last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts predict that Vishay Precision Group, Inc. will post $0.85 earnings per share for the current fiscal year.
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Separately, B. Riley reissued a “buy” rating and issued a $22.00 price target on shares of Vishay Precision Group in a research note on Saturday, May 13th.
About Vishay Precision Group
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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