Virtu Financial LLC lowered its holdings in Rogers Co. (NYSE:ROG) by 38.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,813 shares of the electronics maker’s stock after selling 1,750 shares during the period. Virtu Financial LLC’s holdings in Rogers were worth $455,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in Rogers by 15.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 10,320 shares of the electronics maker’s stock valued at $1,671,000 after acquiring an additional 1,416 shares during the period. BlackRock Inc. increased its position in shares of Rogers by 4.7% during the 4th quarter. BlackRock Inc. now owns 2,342,083 shares of the electronics maker’s stock valued at $379,230,000 after purchasing an additional 105,161 shares during the period. Rhumbline Advisers increased its position in shares of Rogers by 16.3% during the 4th quarter. Rhumbline Advisers now owns 42,416 shares of the electronics maker’s stock valued at $6,868,000 after purchasing an additional 5,950 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Rogers by 29.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,160 shares of the electronics maker’s stock worth $350,000 after acquiring an additional 488 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Rogers by 224.6% in the fourth quarter. Arizona State Retirement System now owns 30,664 shares of the electronics maker’s stock worth $4,965,000 after buying an additional 21,217 shares during the period. 96.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Rogers Co. (NYSE:ROG) traded up $0.23 during trading hours on Wednesday, reaching $137.30. 112,890 shares of the company traded hands, compared to its average volume of 186,246. The firm has a market cap of $2,500.00, a P/E ratio of 37.41 and a beta of 1.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.99 and a quick ratio of 3.01. Rogers Co. has a twelve month low of $80.35 and a twelve month high of $184.00.
Rogers (NYSE:ROG) last released its quarterly earnings results on Tuesday, February 27th. The electronics maker reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.06). Rogers had a net margin of 9.80% and a return on equity of 14.72%. The company had revenue of $209.01 million during the quarter, compared to the consensus estimate of $206.50 million. equities research analysts anticipate that Rogers Co. will post 6.17 earnings per share for the current year.
Several analysts have recently commented on ROG shares. Needham & Company LLC raised their target price on Rogers to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, December 19th. B. Riley reissued a “buy” rating and set a $180.00 price objective on shares of Rogers in a research report on Friday, December 15th. Zacks Investment Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $162.75.
In other news, SVP Jeffrey M. Grudzien sold 1,430 shares of Rogers stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $155.83, for a total transaction of $222,836.90. Following the transaction, the senior vice president now owns 23,293 shares in the company, valued at $3,629,748.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jay B. Knoll sold 1,250 shares of Rogers stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $131.78, for a total transaction of $164,725.00. Following the transaction, the senior vice president now directly owns 5,909 shares of the company’s stock, valued at approximately $778,688.02. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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