Connor Clark & Lunn Investment Management Ltd. Sells 5,040 Shares of Vishay Precision Group, Inc. (NYSE:VPG)

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,185 shares of the scientific and technical instruments company’s stock after selling 5,040 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.39% of Vishay Precision Group worth $1,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Acadian Asset Management LLC grew its stake in shares of Vishay Precision Group by 6.1% during the second quarter. Acadian Asset Management LLC now owns 199,094 shares of the scientific and technical instruments company’s stock worth $6,059,000 after buying an additional 11,438 shares during the last quarter. American Century Companies Inc. raised its position in shares of Vishay Precision Group by 47.7% during the second quarter. American Century Companies Inc. now owns 192,661 shares of the scientific and technical instruments company’s stock worth $5,865,000 after acquiring an additional 62,186 shares during the last quarter. Divisar Capital Management LLC increased its position in Vishay Precision Group by 2.2% during the 2nd quarter. Divisar Capital Management LLC now owns 176,001 shares of the scientific and technical instruments company’s stock valued at $5,357,000 after purchasing an additional 3,726 shares during the period. Foundry Partners LLC raised its holdings in Vishay Precision Group by 11.6% during the 2nd quarter. Foundry Partners LLC now owns 139,785 shares of the scientific and technical instruments company’s stock worth $4,255,000 after purchasing an additional 14,585 shares during the last quarter. Finally, Roubaix Capital LLC boosted its position in Vishay Precision Group by 40.6% during the third quarter. Roubaix Capital LLC now owns 72,335 shares of the scientific and technical instruments company’s stock valued at $1,873,000 after acquiring an additional 20,870 shares during the last quarter. 87.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VPG shares. StockNews.com cut Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. B. Riley lowered their target price on Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Vishay Precision Group Price Performance

Shares of NYSE VPG opened at $22.43 on Wednesday. The stock has a market cap of $296.97 million, a price-to-earnings ratio of 22.86 and a beta of 1.17. 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 fifty-two week low of $20.83 and a fifty-two week high of $35.98. The firm’s 50-day simple moving average is $23.55 and its 200 day simple moving average is $27.92.

Vishay Precision Group (NYSE:VPG) last announced 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. The company 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 firm earned $0.47 earnings per share. As a group, research analysts anticipate that Vishay Precision Group, Inc. will post 1.06 earnings per share 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.