Handelsbanken Fonder AB Raises Stake in Vishay Precision Group, Inc. $VPG

Handelsbanken Fonder AB raised its position in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 120.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311,377 shares of the scientific and technical instruments company’s stock after purchasing an additional 170,307 shares during the quarter. Handelsbanken Fonder AB’s holdings in Vishay Precision Group were worth $11,988,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bastion Asset Management Inc. purchased a new position in Vishay Precision Group during the third quarter valued at approximately $4,904,000. Acuitas Investments LLC lifted its holdings 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 worth $32,466,000 after buying an additional 941,622 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Vishay Precision Group by 10.5% in the third quarter. First Eagle Investment Management LLC now owns 247,192 shares of the scientific and technical instruments company’s stock worth $7,923,000 after buying an additional 23,550 shares in the last quarter. Teton Advisors LLC purchased a new position in shares of Vishay Precision Group in the third quarter worth $963,000. Finally, Hunter Associates Investment Management LLC purchased a new position in shares of Vishay Precision Group in the fourth quarter worth $2,459,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on VPG shares. Zacks Research raised shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. B. Riley Financial boosted their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Lake Street Capital boosted their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $83.67.

Vishay Precision Group Trading Up 3.6%

Shares of VPG opened at $104.35 on Friday. The company’s fifty day moving average is $57.94 and its 200 day moving average is $47.07. Vishay Precision Group, Inc. has a fifty-two week low of $24.89 and a fifty-two week high of $108.00. The stock has a market capitalization of $1.39 billion, a PE ratio of 231.89, a P/E/G ratio of 5.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share 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 for the quarter, compared to analysts’ expectations of $77.08 million. Sell-side analysts expect that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current fiscal year.

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.