Lord Abbett & CO. LLC Purchases New Holdings in Vishay Precision Group, Inc. (NYSE:VPG)

Lord Abbett & CO. LLC acquired a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 39,166 shares of the scientific and technical instruments company’s stock, valued at approximately $1,014,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Vishay Precision Group by 51.3% during the 3rd quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock worth $20,778,000 after purchasing an additional 271,974 shares in the last quarter. Quest Partners LLC bought a new stake in Vishay Precision Group during the third quarter worth about $66,000. Victory Capital Management Inc. grew its stake in Vishay Precision Group by 2.5% during the third quarter. Victory Capital Management Inc. now owns 72,248 shares of the scientific and technical instruments company’s stock worth $1,871,000 after buying an additional 1,743 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Vishay Precision Group by 167.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,863 shares of the scientific and technical instruments company’s stock valued at $307,000 after buying an additional 7,432 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Vishay Precision Group by 6.1% in the 2nd quarter. Acadian Asset Management LLC now owns 199,094 shares of the scientific and technical instruments company’s stock valued at $6,059,000 after buying an additional 11,438 shares during the period. Institutional investors own 87.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd.

Vishay Precision Group Trading Up 1.9 %

Shares of VPG opened at $24.21 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.80 and a current ratio of 4.41. Vishay Precision Group, Inc. has a 52-week low of $20.83 and a 52-week high of $35.98. The firm has a market cap of $320.54 million, a price-to-earnings ratio of 24.45 and a beta of 1.16. The business’s fifty day moving average is $23.27 and its 200-day moving average is $26.99.

Vishay Precision Group (NYSE:VPG) 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 analysts’ consensus estimates of $0.19. The firm had revenue of $75.73 million for the quarter, compared to analysts’ expectations of $73.47 million. Vishay Precision Group had a return on equity of 6.24% and a net margin of 4.13%. During the same quarter in the previous year, the business posted $0.47 earnings per share. Equities analysts anticipate that Vishay Precision Group, Inc. will post 1.06 EPS for the current fiscal year.

Vishay Precision Group Company 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.