Federated Hermes Inc. Cuts Stock Holdings in Vishay Precision Group, Inc. (NYSE:VPG)

Federated Hermes Inc. decreased its holdings in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 37.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,861 shares of the scientific and technical instruments company’s stock after selling 7,540 shares during the period. Federated Hermes Inc.’s holdings in Vishay Precision Group were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. New York State Teachers Retirement System purchased a new position in shares of Vishay Precision Group in the 4th quarter worth approximately $34,000. SG Americas Securities LLC lifted its stake in Vishay Precision Group by 45.7% during the 4th quarter. SG Americas Securities LLC now owns 4,582 shares of the scientific and technical instruments company’s stock valued at $156,000 after acquiring an additional 1,437 shares during the period. North Star Investment Management Corp. lifted its stake in Vishay Precision Group by 18.3% during the 4th quarter. North Star Investment Management Corp. now owns 94,318 shares of the scientific and technical instruments company’s stock valued at $3,213,000 after acquiring an additional 14,600 shares during the period. Vanguard Group Inc. lifted its stake in Vishay Precision Group by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 624,770 shares of the scientific and technical instruments company’s stock valued at $20,980,000 after acquiring an additional 7,682 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Vishay Precision Group by 35.3% in the 3rd quarter. Wellington Management Group LLP now owns 447,498 shares of the scientific and technical instruments company’s stock valued at $15,027,000 after purchasing an additional 116,800 shares during the period. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Vishay Precision Group from a “c+” rating to a “b-” rating in a research note on Friday, March 1st.

Vishay Precision Group Price Performance

Vishay Precision Group stock opened at $34.06 on Friday. Vishay Precision Group, Inc. has a 52-week low of $27.93 and a 52-week high of $38.83. The firm has a market capitalization of $455.72 million, a price-to-earnings ratio of 18.12 and a beta of 1.25. The company has a fifty day simple moving average of $34.11 and a 200-day simple moving average of $32.47. The company has a quick ratio of 2.51, a current ratio of 3.94 and a debt-to-equity ratio of 0.10.

Vishay Precision Group (NYSE:VPG) last released its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.25. Vishay Precision Group had a net margin of 7.24% and a return on equity of 9.19%. The business had revenue of $89.53 million during the quarter, compared to analyst estimates of $79.69 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, equities analysts anticipate that Vishay Precision Group, Inc. will post 1.59 EPS for the current fiscal year.

About Vishay Precision Group

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.