Lord Abbett & CO. LLC purchased a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 39,166 shares of the scientific and technical instruments company's stock, valued at approximately $1,014,000. Lord Abbett & CO. LLC owned about 0.30% of Vishay Precision Group as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VPG. Quantbot Technologies LP acquired a new stake in Vishay Precision Group during the third quarter worth approximately $51,000. Quest Partners LLC bought a new position in Vishay Precision Group in the 3rd quarter valued at approximately $66,000. SG Americas Securities LLC acquired a new stake in Vishay Precision Group in the third quarter valued at approximately $146,000. Kovack Advisors Inc. acquired a new stake in shares of Vishay Precision Group during the 3rd quarter valued at $218,000. Finally, Tidal Investments LLC increased its holdings in Vishay Precision Group by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 11,633 shares of the scientific and technical instruments company's stock worth $301,000 after purchasing an additional 514 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors and hedge funds.
Vishay Precision Group Trading Down 1.6 %
VPG stock traded down $0.39 during trading on Tuesday, hitting $23.82. The company had a trading volume of 110,314 shares, compared to its average volume of 70,730. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09. Vishay Precision Group, Inc. has a one year low of $20.83 and a one year high of $35.98. The business has a 50-day moving average of $23.27 and a 200-day moving average of $26.99. The stock has a market cap of $315.38 million, a PE ratio of 24.06 and a beta of 1.16.
Vishay Precision Group (NYSE:VPG - Get Free Report) last released its earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Vishay Precision Group had a net margin of 4.13% and a return on equity of 6.24%. The business had revenue of $75.73 million for the quarter, compared to analyst estimates of $73.47 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. Research analysts predict that Vishay Precision Group, Inc. will post 1.06 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Vishay Precision Group from a "hold" rating to a "buy" rating in a report on Tuesday, December 3rd.
Read Our Latest Stock Report on Vishay Precision Group
About Vishay Precision Group
(
Free Report)
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.
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