Corsair Capital Management L.P. Purchases 6,000 Shares of Vishay Precision Group, Inc. $VPG

Corsair Capital Management L.P. grew its position in Vishay Precision Group, Inc. (NYSE:VPG) by 24.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 31,002 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,000 shares during the quarter. Corsair Capital Management L.P.’s holdings in Vishay Precision Group were worth $1,346,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in Vishay Precision Group by 826.7% in the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 992 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in 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 worth $39,000 after purchasing an additional 944 shares during the last quarter. Strs Ohio bought a new stake in Vishay Precision Group during the first quarter worth $39,000. Kestra Advisory Services LLC acquired a new stake in shares of Vishay Precision Group in the 4th quarter valued at $51,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Vishay Precision Group by 85.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 1,076 shares in the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

Analyst Upgrades and Downgrades

VPG has been the topic of several recent analyst reports. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. 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 report on Wednesday, May 13th. B. Riley Financial raised their price objective on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research downgraded Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Down 0.9%

Shares of NYSE VPG opened at $103.48 on Monday. The company has a 50 day simple moving average of $122.03 and a 200 day simple moving average of $75.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. Vishay Precision Group, Inc. has a 1 year low of $25.58 and a 1 year high of $151.78. The firm has a market cap of $1.38 billion, a PE ratio of 229.96, a price-to-earnings-growth ratio of 5.36 and a beta of 1.43.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share 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 for the quarter, compared to analyst estimates of $77.08 million. On average, research analysts forecast that Vishay Precision Group, Inc. will post 0.97 EPS 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.