Renaissance Technologies LLC Sells 24,400 Shares of Vishay Precision Group, Inc. $VPG

Renaissance Technologies LLC lowered its holdings in Vishay Precision Group, Inc. (NYSE:VPG) by 5.3% in the first quarter, Holdings Channel reports. The firm owned 437,173 shares of the scientific and technical instruments company’s stock after selling 24,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Vishay Precision Group were worth $18,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VPG. Invesco Ltd. lifted its position in Vishay Precision Group by 11.7% during the 2nd quarter. Invesco Ltd. now owns 26,353 shares of the scientific and technical instruments company’s stock worth $741,000 after buying an additional 2,763 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of 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 acquiring an additional 1,615 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Vishay Precision Group in the second quarter valued at about $338,000. Sei Investments Co. acquired a new stake in shares of Vishay Precision Group in the second quarter valued at about $218,000. Finally, Quantinno Capital Management LP raised its holdings in Vishay Precision Group by 56.4% during the second quarter. Quantinno Capital Management LP now owns 31,389 shares of the scientific and technical instruments company’s stock worth $882,000 after acquiring an additional 11,324 shares in the last quarter. 87.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VPG shares. Zacks Research cut 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 research note on Wednesday, May 13th. Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. B. Riley Financial raised their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Up 7.9%

VPG opened at $87.66 on Friday. The stock’s fifty day simple moving average is $121.12 and its 200 day simple moving average is $76.91. Vishay Precision Group, Inc. has a 1-year low of $25.58 and a 1-year high of $151.78. The stock has a market cap of $1.17 billion, a PE ratio of 194.79, a price-to-earnings-growth ratio of 4.17 and a beta of 1.43. The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06.

Vishay Precision Group (NYSE:VPG) last released 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 during the quarter, compared to analysts’ expectations of $77.08 million. As a group, research analysts expect that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current 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.