Shufro Rose & Co. LLC Cuts Stake in Vishay Precision Group Inc (NYSE:VPG)

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Shufro Rose & Co. LLC lowered its stake in Vishay Precision Group Inc (NYSE:VPG) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,589 shares of the scientific and technical instruments company’s stock after selling 7,666 shares during the quarter. Shufro Rose & Co. LLC owned about 1.39% of Vishay Precision Group worth $7,016,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sawgrass Asset Management LLC acquired a new stake in Vishay Precision Group in the second quarter valued at approximately $221,000. Chicago Equity Partners LLC purchased a new position in Vishay Precision Group in the second quarter valued at approximately $831,000. Northern Trust Corp increased its stake in Vishay Precision Group by 3.2% in the first quarter. Northern Trust Corp now owns 151,508 shares of the scientific and technical instruments company’s stock valued at $4,719,000 after purchasing an additional 4,648 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Vishay Precision Group in the second quarter valued at approximately $5,366,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Vishay Precision Group in the second quarter valued at approximately $242,000. 80.68% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 22nd. B. Riley restated a “buy” rating and set a $53.00 target price (up from $40.00) on shares of Vishay Precision Group in a research report on Monday, August 6th. Finally, Sidoti upgraded shares of Vishay Precision Group from a “neutral” rating to a “buy” rating in a research report on Thursday, October 11th.

In other Vishay Precision Group news, CFO William M. Clancy sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $43.21, for a total value of $432,100.00. Following the completion of the sale, the chief financial officer now owns 19,575 shares of the company’s stock, valued at $845,835.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ziv Shoshani sold 1,990 shares of Vishay Precision Group stock in a transaction on Friday, August 24th. The stock was sold at an average price of $44.90, for a total value of $89,351.00. Following the transaction, the chief executive officer now directly owns 103,082 shares of the company’s stock, valued at approximately $4,628,381.80. The disclosure for this sale can be found here. In the last three months, insiders sold 41,151 shares of company stock valued at $1,812,295. 6.49% of the stock is owned by corporate insiders.

NYSE:VPG traded down $0.62 during midday trading on Friday, reaching $35.71. The stock had a trading volume of 45,747 shares, compared to its average volume of 72,152. Vishay Precision Group Inc has a 12-month low of $23.65 and a 12-month high of $45.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.09 and a quick ratio of 2.79. The firm has a market cap of $497.60 million, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 0.93 and a beta of 0.97.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, November 6th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Vishay Precision Group had a net margin of 8.45% and a return on equity of 12.63%. The firm had revenue of $75.49 million for the quarter, compared to analyst estimates of $73.60 million. During the same period last year, the firm posted $0.32 EPS. Vishay Precision Group’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, analysts expect that Vishay Precision Group Inc will post 1.99 earnings per share for the current fiscal year.

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Vishay Precision Group Profile

Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.

See Also: Momentum Indicator: Relative Strength Index

Institutional Ownership by Quarter for Vishay Precision Group (NYSE:VPG)

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