Tidal Investments LLC Purchases 272,594 Shares of Vishay Precision Group, Inc. $VPG

Tidal Investments LLC grew its position in Vishay Precision Group, Inc. (NYSE:VPG) by 2,452.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 283,709 shares of the scientific and technical instruments company’s stock after acquiring an additional 272,594 shares during the quarter. Tidal Investments LLC’s holdings in Vishay Precision Group were worth $42,531,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. First Bancorp Inc ME purchased a new position in shares of Vishay Precision Group during the 2nd quarter worth about $30,000. Quantinno Capital Management LP lifted its stake in Vishay Precision Group by 0.9% in the first quarter. Quantinno Capital Management LP now owns 36,869 shares of the scientific and technical instruments company’s stock worth $1,601,000 after purchasing an additional 314 shares during the last quarter. LPL Financial LLC boosted its position in shares of Vishay Precision Group by 6.3% during the fourth quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company’s stock valued at $290,000 after buying an additional 448 shares during the period. UBS Group AG grew its stake in shares of 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 valued at $2,171,000 after buying an additional 523 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Vishay Precision Group during the first quarter valued at approximately $39,000. Institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Price Performance

Shares of VPG stock opened at $63.02 on Thursday. Vishay Precision Group, Inc. has a twelve month low of $28.71 and a twelve month high of $151.78. The stock has a market capitalization of $839.48 million, a price-to-earnings ratio of 210.09, a P/E/G ratio of 5.48 and a beta of 1.42. The stock has a fifty day simple moving average of $84.73 and a two-hundred day simple moving average of $81.35. The company has a current ratio of 4.15, a quick ratio of 2.72 and a debt-to-equity ratio of 0.05.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.15). The firm had revenue of $83.94 million for the quarter, compared to analysts’ expectations of $87.44 million. Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. On average, analysts predict that Vishay Precision Group, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

VPG has been the subject of a number of research analyst reports. Weiss Ratings lowered Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. B. Riley Financial cut their price objective on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Zacks Research lowered Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. 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. Finally, Wall Street Zen lowered shares of Vishay Precision Group from a “buy” rating to a “sell” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $82.33.

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.