Connors Investor Services Inc. Purchases New Holdings in Vishay Precision Group, Inc. $VPG

Connors Investor Services Inc. purchased a new stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,718 shares of the scientific and technical instruments company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently modified their holdings of VPG. Acuitas Investments LLC increased its position in shares of Vishay Precision Group by 1,319.6% during the third quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock valued at $32,466,000 after acquiring an additional 941,622 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Vishay Precision Group by 120.7% during the fourth quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock valued at $11,988,000 after acquiring an additional 170,307 shares during the last quarter. Bastion Asset Management Inc. purchased a new stake in shares of Vishay Precision Group during the third quarter valued at approximately $4,904,000. Simcoe Capital LLC purchased a new stake in shares of Vishay Precision Group during the fourth quarter valued at approximately $2,938,000. Finally, Harvey Partners LLC increased its position in shares of Vishay Precision Group by 21.3% during the third quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock valued at $11,923,000 after acquiring an additional 65,315 shares during the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

Vishay Precision Group Price Performance

Vishay Precision Group stock opened at $113.81 on Friday. Vishay Precision Group, Inc. has a one year low of $24.89 and a one year high of $114.11. The business has a fifty day moving average price of $59.33 and a 200-day moving average price of $47.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. The firm has a market capitalization of $1.51 billion, a P/E ratio of 252.91, a PEG ratio of 5.83 and a beta of 1.13.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%.The firm had revenue of $84.35 million during the quarter, compared to analyst estimates of $77.08 million. As a group, equities research analysts forecast that Vishay Precision Group, Inc. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VPG. B. Riley Financial raised their target price on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Lake Street Capital raised their target price 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 raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $83.67.

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.