Vishay Precision Group, Inc. $VPG Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lessened its position in Vishay Precision Group, Inc. (NYSE:VPG) by 47.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,338 shares of the scientific and technical instruments company’s stock after selling 8,566 shares during the period. Legato Capital Management LLC owned about 0.07% of Vishay Precision Group worth $360,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VPG. Acuitas Investments LLC raised its position in shares of Vishay Precision Group by 1,319.6% in 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 buying an additional 941,622 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Vishay Precision Group by 120.7% in 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 buying an additional 170,307 shares during the last quarter. Bastion Asset Management Inc. acquired a new position in shares of Vishay Precision Group in the third quarter valued at approximately $4,904,000. Simcoe Capital LLC acquired a new position in shares of Vishay Precision Group in the fourth quarter valued at approximately $2,938,000. Finally, Harvey Partners LLC raised its position in shares of Vishay Precision Group by 21.3% in 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 buying an additional 65,315 shares during the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

Vishay Precision Group Price Performance

VPG opened at $125.60 on Thursday. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. Vishay Precision Group, Inc. has a 52-week low of $24.89 and a 52-week high of $131.68. The company has a 50 day moving average of $64.12 and a two-hundred day moving average of $49.42. The company has a market cap of $1.67 billion, a P/E ratio of 279.12, a P/E/G ratio of 6.33 and a beta of 1.13.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. The company had revenue of $84.35 million during the quarter, compared to the consensus estimate of $77.08 million. On average, analysts expect that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

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