Corsair Capital Management L.P. Acquires 6,000 Shares of Vishay Precision Group, Inc. $VPG

Corsair Capital Management L.P. grew its holdings in Vishay Precision Group, Inc. (NYSE:VPG) by 24.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,002 shares of the scientific and technical instruments company’s stock after buying an additional 6,000 shares during the period. Corsair Capital Management L.P. owned 0.23% of Vishay Precision Group worth $1,346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC raised its stake in Vishay Precision Group by 6.3% in the 4th quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company’s stock valued at $290,000 after acquiring an additional 448 shares during the period. UBS Group AG boosted its position in Vishay Precision Group by 0.8% during the third quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company’s stock worth $2,171,000 after purchasing an additional 523 shares during the period. K2 Principal Fund L.P. boosted its position in Vishay Precision Group by 9.0% during the fourth quarter. K2 Principal Fund L.P. now owns 10,900 shares of the scientific and technical instruments company’s stock worth $420,000 after purchasing an additional 900 shares during the period. Strs Ohio acquired a new position in shares of Vishay Precision Group in the first quarter valued at $39,000. Finally, Farther Finance Advisors LLC increased its holdings 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 last quarter. 87.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research lowered shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Lake Street Capital increased their price target 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. B. Riley Financial increased their price target 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. Finally, Weiss Ratings upgraded shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.67.

Vishay Precision Group Trading Down 0.9%

Shares of NYSE:VPG opened at $103.48 on Monday. The company has a market capitalization of $1.38 billion, a P/E ratio of 229.96, a P/E/G ratio of 5.36 and a beta of 1.43. Vishay Precision Group, Inc. has a 1 year low of $25.58 and a 1 year high of $151.78. 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 business’s 50 day simple moving average is $122.03 and its 200 day simple moving average is $75.50.

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

About Vishay Precision Group

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.