Rogers Co. (ROG) Stake Decreased by QS Investors LLC

QS Investors LLC lowered its stake in shares of Rogers Co. (NYSE:ROG) by 47.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,886 shares of the electronics maker’s stock after selling 1,729 shares during the quarter. QS Investors LLC’s holdings in Rogers were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ROG. Oppenheimer Asset Management Inc. grew its position in shares of Rogers by 178.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock worth $105,000 after buying an additional 501 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Rogers by 59.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock worth $148,000 after buying an additional 340 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Rogers by 852.9% during the third quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock worth $151,000 after buying an additional 1,015 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Rogers during the third quarter worth approximately $204,000. Finally, LS Investment Advisors LLC grew its position in shares of Rogers by 104.7% during the fourth quarter. LS Investment Advisors LLC now owns 1,263 shares of the electronics maker’s stock worth $205,000 after buying an additional 646 shares in the last quarter. 96.67% of the stock is owned by institutional investors and hedge funds.

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Rogers Co. (NYSE:ROG) opened at $121.89 on Monday. The company has a market cap of $2,232.59, a price-to-earnings ratio of 21.09 and a beta of 1.36. The company has a quick ratio of 3.01, a current ratio of 3.99 and a debt-to-equity ratio of 0.18. Rogers Co. has a 1-year low of $80.35 and a 1-year high of $184.00.

Rogers (NYSE:ROG) last released its quarterly earnings data on Tuesday, February 27th. The electronics maker reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.06). The business had revenue of $209.01 million during the quarter, compared to analyst estimates of $206.50 million. Rogers had a return on equity of 14.72% and a net margin of 9.80%. equities analysts forecast that Rogers Co. will post 6.17 EPS for the current year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine downgraded shares of Rogers from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Needham & Company LLC reissued a “buy” rating and set a $175.00 price target (down previously from $180.00) on shares of Rogers in a research report on Thursday, March 1st. Finally, B. Riley reissued a “buy” rating and set a $180.00 price target on shares of Rogers in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Rogers presently has an average rating of “Buy” and an average target price of $162.75.

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,430 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $155.83, for a total value of $222,836.90. Following the sale, the senior vice president now directly owns 23,293 shares in the company, valued at $3,629,748.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jay B. Knoll sold 1,250 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $131.78, for a total value of $164,725.00. Following the completion of the sale, the senior vice president now owns 5,909 shares in the company, valued at $778,688.02. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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About Rogers

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.

Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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