Connor Clark & Lunn Investment Management Ltd. Increases Position in Vishay Precision Group, Inc. (NYSE:VPG)

Posted by Defense World Staff on Aug 25th, 2023

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG – Free Report) by 91.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,341 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,836 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Vishay Precision Group worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in shares of Vishay Precision Group during the first quarter worth $29,000. Dorsey Wright & Associates purchased a new stake in shares of Vishay Precision Group during the fourth quarter worth $27,000. Lazard Asset Management LLC increased its position in shares of Vishay Precision Group by 99.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,869 shares of the scientific and technical instruments company’s stock worth $110,000 after acquiring an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Vishay Precision Group by 61.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,118 shares of the scientific and technical instruments company’s stock worth $130,000 after acquiring an additional 1,182 shares during the period. Finally, Barclays PLC increased its position in shares of Vishay Precision Group by 500.9% during the fourth quarter. Barclays PLC now owns 3,335 shares of the scientific and technical instruments company’s stock worth $128,000 after acquiring an additional 2,780 shares during the period. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Vishay Precision Group Stock Performance

Shares of VPG stock opened at $34.75 on Friday. The company has a current ratio of 4.32, a quick ratio of 2.86 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $36.63 and a 200 day moving average price of $38.50. The company has a market cap of $472.60 million, a P/E ratio of 13.90 and a beta of 1.29. Vishay Precision Group, Inc. has a 12 month low of $29.52 and a 12 month high of $45.69.

Vishay Precision Group (NYSE:VPG – Get Free Report) last issued its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $90.80 million during the quarter, compared to the consensus estimate of $87.81 million. Vishay Precision Group had a net margin of 9.33% and a return on equity of 11.35%. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Sell-side analysts predict that Vishay Precision Group, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Vishay Precision Group in a research report on Thursday, August 17th. They set a “strong-buy” rating on the stock.

Check Out Our Latest Report on VPG

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.