Rogers Co. (NYSE:ROG) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its stake in shares of Rogers Co. (NYSE:ROG) by 2.7% in the 3rd quarter, Holdings Channel reports. The firm owned 35,949 shares of the electronics maker’s stock after selling 1,000 shares during the period. Public Sector Pension Investment Board’s holdings in Rogers were worth $4,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROG. Nisa Investment Advisors LLC lifted its position in shares of Rogers by 1.2% in the second quarter. Nisa Investment Advisors LLC now owns 7,865 shares of the electronics maker’s stock valued at $949,000 after acquiring an additional 94 shares in the last quarter. Arizona State Retirement System lifted its holdings in Rogers by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 4,700 shares of the electronics maker’s stock valued at $567,000 after purchasing an additional 95 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Rogers by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the electronics maker’s stock worth $1,013,000 after buying an additional 100 shares in the last quarter. Wrapmanager Inc. raised its position in shares of Rogers by 5.6% in the second quarter. Wrapmanager Inc. now owns 2,732 shares of the electronics maker’s stock valued at $330,000 after buying an additional 145 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in shares of Rogers by 5.9% in the third quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock worth $321,000 after buying an additional 158 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Trading Up 2.5 %

ROG opened at $106.13 on Tuesday. Rogers Co. has a twelve month low of $96.10 and a twelve month high of $138.85. The firm has a market capitalization of $1.98 billion, a PE ratio of 39.60 and a beta of 0.52. The firm’s 50-day moving average price is $104.51 and its 200 day moving average price is $111.06.

Rogers (NYSE:ROG) last released its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The company had revenue of $210.30 million for the quarter, compared to analyst estimates of $220.20 million. Rogers had a return on equity of 4.19% and a net margin of 5.91%. During the same quarter in the previous year, the company posted $1.24 earnings per share. As a group, analysts predict that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Michael Reed Webb sold 416 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $108.82, for a total transaction of $45,269.12. Following the completion of the sale, the senior vice president now owns 4,400 shares in the company, valued at $478,808. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Rogers Profile

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.