D. E. Shaw & Co. Inc. Decreases Stock Holdings in Rogers Co. (NYSE:ROG)

D. E. Shaw & Co. Inc. trimmed its position in shares of Rogers Co. (NYSE:ROG - Free Report) by 14.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,275 shares of the electronics maker's stock after selling 18,400 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.58% of Rogers worth $11,002,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in shares of Rogers by 810.8% in the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock valued at $60,000 after buying an additional 527 shares during the period. Covestor Ltd grew its holdings in Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock worth $118,000 after acquiring an additional 354 shares in the last quarter. Bank of Montreal Can increased its position in shares of Rogers by 6.2% in the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock valued at $205,000 after purchasing an additional 118 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Rogers in the 4th quarter valued at $222,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Rogers during the 4th quarter worth $274,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROG has been the topic of a number of analyst reports. CL King started coverage on Rogers in a research note on Monday, March 31st. They issued a "buy" rating and a $85.00 price target on the stock. B. Riley lifted their price target on shares of Rogers from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th.

Rogers Trading Up 0.1%

Shares of NYSE ROG traded up $0.06 during trading hours on Tuesday, reaching $68.55. The stock had a trading volume of 12,409 shares, compared to its average volume of 177,222. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 48.62 and a beta of 0.41. Rogers Co. has a fifty-two week low of $51.43 and a fifty-two week high of $134.07. The firm has a 50-day moving average of $64.37 and a 200-day moving average of $85.36.

Rogers (NYSE:ROG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The business had revenue of $190.50 million for the quarter, compared to analyst estimates of $187.50 million. On average, equities analysts predict that Rogers Co. will post 3.57 EPS for the current year.

Insiders Place Their Bets

In other news, VP Griffin Melaney Gappert sold 756 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $62.55, for a total transaction of $47,287.80. Following the transaction, the vice president now directly owns 4,484 shares in the company, valued at $280,474.20. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.35% of the stock is owned by insiders.

Rogers Company 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.