Rhumbline Advisers Has $291,000 Holdings in Vishay Precision Group, Inc. (VPG)

Rhumbline Advisers cut its stake in Vishay Precision Group, Inc. (NYSE:VPG) by 12.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,842 shares of the scientific and technical instruments company’s stock after selling 2,482 shares during the period. Rhumbline Advisers owned approximately 0.13% of Vishay Precision Group worth $291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American International Group Inc. raised its holdings in Vishay Precision Group by 7.0% in the 1st quarter. American International Group Inc. now owns 7,440 shares of the scientific and technical instruments company’s stock valued at $118,000 after acquiring an additional 484 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Vishay Precision Group in the 2nd quarter valued at $211,000. Eagle Global Advisors LLC raised its holdings in Vishay Precision Group by 3.7% in the 2nd quarter. Eagle Global Advisors LLC now owns 17,484 shares of the scientific and technical instruments company’s stock valued at $302,000 after acquiring an additional 620 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Vishay Precision Group by 3.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 19,413 shares of the scientific and technical instruments company’s stock valued at $336,000 after acquiring an additional 668 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Vishay Precision Group in the 2nd quarter valued at $377,000. 86.47% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on VPG. ValuEngine raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. B. Riley reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Vishay Precision Group in a report on Sunday, August 13th. Finally, BidaskClub raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Thursday, August 24th.

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Vishay Precision Group, Inc. (VPG) opened at 24.20 on Wednesday. The firm has a 50-day moving average price of $22.64 and a 200 day moving average price of $18.69. Vishay Precision Group, Inc. has a one year low of $15.10 and a one year high of $24.80. The firm has a market capitalization of $321.64 million, a PE ratio of 33.56 and a beta of 0.93.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. The firm had revenue of $62.30 million for the quarter, compared to the consensus estimate of $60.19 million. Vishay Precision Group had a return on equity of 7.25% and a net margin of 4.16%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. Analysts anticipate that Vishay Precision Group, Inc. will post $0.92 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Vishay Precision Group (NYSE:VPG)

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