Millennium Management LLC Has $538,000 Stock Position in Vishay Precision Group, Inc. (NYSE:VPG)

Millennium Management LLC increased its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 112.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,930 shares of the scientific and technical instruments company’s stock after buying an additional 12,128 shares during the period. Millennium Management LLC owned 0.17% of Vishay Precision Group worth $538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VPG. Portolan Capital Management LLC acquired a new position in Vishay Precision Group during the 4th quarter valued at about $11,552,000. Lord Abbett & CO. LLC lifted its position in Vishay Precision Group by 683.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 306,992 shares of the scientific and technical instruments company’s stock valued at $7,205,000 after purchasing an additional 267,826 shares during the period. Azarias Capital Management L.P. acquired a new position in Vishay Precision Group during the 4th quarter valued at about $5,142,000. Ameriprise Financial Inc. lifted its position in Vishay Precision Group by 82.1% during the 4th quarter. Ameriprise Financial Inc. now owns 330,107 shares of the scientific and technical instruments company’s stock valued at $7,748,000 after purchasing an additional 148,802 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Vishay Precision Group by 172.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 186,752 shares of the scientific and technical instruments company’s stock valued at $4,383,000 after purchasing an additional 118,153 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

Vishay Precision Group Stock Performance

Shares of VPG stock opened at $27.99 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.41 and a quick ratio of 2.80. The stock has a market cap of $371.10 million, a PE ratio of 37.83 and a beta of 0.86. The stock has a 50-day moving average of $23.83 and a 200-day moving average of $23.54. Vishay Precision Group, Inc. has a one year low of $18.57 and a one year high of $35.11.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Tuesday, May 6th. The scientific and technical instruments company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $71.74 million during the quarter, compared to the consensus estimate of $73.04 million. Vishay Precision Group had a net margin of 3.23% and a return on equity of 3.87%. As a group, sell-side analysts expect that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VPG. Wall Street Zen downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. B. Riley restated a “buy” rating on shares of Vishay Precision Group in a research report on Wednesday, May 7th.

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.