Acadian Asset Management LLC Grows Position in Vishay Precision Group, Inc. (NYSE:VPG)

Acadian Asset Management LLC boosted its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,094 shares of the scientific and technical instruments company’s stock after purchasing an additional 11,438 shares during the period. Acadian Asset Management LLC owned approximately 1.49% of Vishay Precision Group worth $6,059,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in Vishay Precision Group by 13.5% in the 4th quarter. Wellington Management Group LLP now owns 508,007 shares of the scientific and technical instruments company’s stock valued at $17,308,000 after purchasing an additional 60,509 shares in the last quarter. Roubaix Capital LLC grew its position in shares of Vishay Precision Group by 58.6% during the first quarter. Roubaix Capital LLC now owns 74,203 shares of the scientific and technical instruments company’s stock worth $2,622,000 after buying an additional 27,413 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Vishay Precision Group by 11.6% in the second quarter. Foundry Partners LLC now owns 139,785 shares of the scientific and technical instruments company’s stock worth $4,255,000 after buying an additional 14,585 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Vishay Precision Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 992,025 shares of the scientific and technical instruments company’s stock valued at $33,798,000 after acquiring an additional 13,939 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Vishay Precision Group during the 1st quarter valued at $436,000. Institutional investors and hedge funds own 87.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VPG. StockNews.com upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 3rd. B. Riley dropped their price objective on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Vishay Precision Group Stock Performance

Shares of VPG stock opened at $23.87 on Thursday. The firm has a market capitalization of $318.76 million, a PE ratio of 13.19 and a beta of 1.17. Vishay Precision Group, Inc. has a 1 year low of $23.50 and a 1 year high of $35.98. The stock has a fifty day moving average of $29.53 and a two-hundred day moving average of $31.89.

Vishay Precision Group (NYSE:VPG) last announced its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Vishay Precision Group had a net margin of 6.30% and a return on equity of 7.49%. The company had revenue of $77.36 million during the quarter, compared to the consensus estimate of $78.57 million. During the same quarter in the prior year, the company earned $0.58 EPS. Equities research analysts predict that Vishay Precision Group, Inc. will post 1.11 earnings per share for the current fiscal year.

Vishay Precision Group Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.