Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Vishay Precision Group, Inc. $VPG

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Vishay Precision Group, Inc. (NYSE:VPG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,507 shares of the scientific and technical instruments company’s stock, valued at approximately $1,125,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of Vishay Precision Group as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in Vishay Precision Group by 826.7% during the 3rd 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. Farther Finance Advisors LLC lifted its holdings in shares of Vishay Precision Group by 1,180.0% during 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. Strs Ohio purchased a new position in Vishay Precision Group during the first quarter valued at $39,000. Kestra Advisory Services LLC bought a new position in Vishay Precision Group in the 4th quarter worth about $51,000. Finally, Optiver Holding B.V. lifted its stake in shares of Vishay Precision Group by 1,195.3% in the first quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 1,267 shares in the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

Vishay Precision Group Price Performance

VPG stock opened at $66.75 on Friday. The stock has a market cap of $889.11 million, a PE ratio of 222.51, a P/E/G ratio of 5.64 and a beta of 1.46. The company has a 50-day moving average price of $104.42 and a 200 day moving average price of $79.89. Vishay Precision Group, Inc. has a 12 month low of $27.33 and a 12 month high of $151.78. 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 data on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.15). The company had revenue of $83.94 million for the quarter, compared to the consensus estimate of $87.44 million. Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. Equities research analysts anticipate that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings cut Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday. Lake Street Capital upped their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. 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. Wall Street Zen cut Vishay Precision Group from a “buy” rating to a “sell” rating in a report on Saturday, August 8th. Finally, B. Riley Financial lowered their target price on shares of Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.