Legato Capital Management LLC Decreases Stock Holdings in Vishay Precision Group, Inc. $VPG

Legato Capital Management LLC reduced its holdings in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 47.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor 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’s holdings in Vishay Precision Group were worth $360,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. UBS Group AG boosted its stake in shares of Vishay Precision Group by 0.8% in the third quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company’s stock valued at $2,171,000 after purchasing an additional 523 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 944 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Vishay Precision Group by 826.7% in the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 992 shares during the period. BNP Paribas Financial Markets boosted its position in Vishay Precision Group by 85.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after buying an additional 1,076 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Vishay Precision Group by 4.3% in the 2nd quarter. First Trust Advisors LP now owns 39,578 shares of the scientific and technical instruments company’s stock valued at $1,112,000 after buying an additional 1,615 shares during the last quarter. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Precision Group Trading Up 1.8%

NYSE VPG opened at $125.60 on Thursday. Vishay Precision Group, Inc. has a 12 month low of $24.89 and a 12 month high of $131.68. 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 company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 279.12, a price-to-earnings-growth ratio of 6.33 and a beta of 1.13. The company’s fifty day moving average price is $64.12 and its two-hundred day moving average price is $49.42.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on VPG shares. B. Riley Financial lifted 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. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” 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. Finally, Lake Street Capital lifted 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vishay Precision Group presently has a consensus rating of “Buy” and a consensus price target of $83.67.

Vishay Precision Group 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.