Sheets Smith Wealth Management acquired a new stake in Vishay Precision Group Inc. (NYSE: VPG) in the second quarter, according to the latest filings with the Securities and Exchange Commission (SEC). The company acquired 9,974 shares of the shares of the company's scientific and technical instruments, valued at about $ 381,000. Sheets Smith Wealth Management owned approximately 0.07% of Vishay Precision Group at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC increased its stake in Vishay Precision Group by 91.6% in the fourth quarter. Millennium Management LLC now owns 322,942 company shares of scientific and technical instruments valued at $ 8,122,000 after the purchase of 154,400 additional shares in the last quarter. Russell Investments Group Ltd. increased its stake in Vishay Precision Group in the first quarter by 660.1%. Russell Investments Group Ltd. now holds 176,777 shares of the company's scientific and technical instruments worth $ 5,507,000 after the purchase of 153,521 additional shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Vishay Precision Group worth $ 5,366,000 in the second quarter. Boston Advisors LLC acquired a new stake in Vishay Precision Group worth $ 4,539,000 in the second quarter. Eventually Lord Abbett & CO increased. LLC's share in Vishay Precision Group increased by 34.0% in the first quarter. Lord Abbett & CO. LLC now owns 294,906 shares of the company's scientific and technical instruments valued at $ 9,186,000 after buying an additional 74,893 shares in the last quarter. Institutional investors and hedge funds hold 81.66% of the company's shares.
Shares of the VPG shares were traded during the afternoon trade of Monday $ 2.40 and reached $ 44.40. 100,000 shares of the shares were exchanged, compared to the average volume of 72,221. The company has a market capitalization of $ 595.29 million, a price-earnings ratio of 38.60, a PEG ratio of 1.28 and a beta of 0.95. Vishay Precision Group Inc has a 12 month low of $ 20.15 and a 12 month high of $ 44.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.79 and a current ratio of 4.10.
Vishay Precision Group (NYSE: VPG) last published the quarterly results on Tuesday 7 August. The company for scientific and technical instruments reported $ 0.57 per share (EPS) for the quarter, on top of the $ 0.44 consensus estimate of $ 0.13. The company had sales of $ 74.23 million for the quarter compared with analyst estimates of $ 73.53 million. Vishay Precision Group had a return on equity of 10.93% and a net margin of 7.66%. During the same quarter of last year, the company recorded $ 0.29 earnings per share. Research analysts predict that Vishay Precision Group Inc will publish 1.73 EPS for the current year.
VPG has been the subject of a number of analyst reports. ValuEngine has upgraded Vishay Precision Group from a "buy" rating to a "strong buy" rating in a study letter on Thursday 7 June. B. Riley again confirmed a "buy" rating and set a price target of $ 53.00 (previously higher than $ 40.00) on Vishay Precision Group shares in a report on Monday, August 6.
In related news, director Saul Reibstein sold 5,000 shares of the company's shares in a transaction dated on Friday, August 17. The stock was sold at an average price of $ 41.87 for a total transaction of $ 209,350.00. After the transaction the director now owns 13,863 shares of the company, valued at $ 580,443.81. The transaction was announced in an application to the SEC, which is accessible via this link. CFO William M. Clancy also sold 10,000 shares of the company's shares in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $ 35.45 for a total value of $ 354,500.00. After the transaction, the Chief Financial Officer now holds directly 29,575 shares in the company, valued at approximately $ 1,048,433.75. The information for this sale can be found here. In the past three months, insiders have sold 16.945 shares of company shares worth $ 643.151. Business mixers own 6.49% of the company's shares.
Profile of the Vishay Precision Group
Vishay Precision Group, Inc. designs, manufactures and markets sensors, sensor-based measurement systems, special resistances and strain gauges in Asia, the United States, Israel, Europe, the United Kingdom and Canada. It works in three segments: Foil Technology Products, Force Sensors and Weighing and Control Systems.
See also: outstanding shares, buying and selling shares
Receive news and ratings for Vishay Precision Group Daily – Enter your email address below to receive a concise, daily summary of the latest news and analyst reviews for Vishay Precision Group and related companies with the FREE daily email newsletter from MarketBeat.com.