ClariVest Asset Management LLC Decreases Holdings in Rogers Corporation (ROG)

ClariVest Asset Management LLC lessened its stake in shares of Rogers Corporation (NYSE:ROG) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,510 shares of the electronics maker’s stock after selling 4,600 shares during the period. ClariVest Asset Management LLC owned 0.38% of Rogers Corporation worth $9,264,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of Rogers Corporation by 431.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 19,642 shares of the electronics maker’s stock worth $2,134,000 after purchasing an additional 15,947 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Rogers Corporation by 322.9% during the first quarter. Teachers Advisors LLC now owns 153,175 shares of the electronics maker’s stock worth $13,153,000 after buying an additional 116,956 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Rogers Corporation during the second quarter worth about $1,521,000. Timpani Capital Management LLC acquired a new position in shares of Rogers Corporation during the second quarter worth about $1,234,000. Finally, Legal & General Group Plc grew its position in shares of Rogers Corporation by 8.8% during the second quarter. Legal & General Group Plc now owns 35,403 shares of the electronics maker’s stock worth $3,845,000 after buying an additional 2,877 shares in the last quarter. 93.26% of the stock is owned by hedge funds and other institutional investors.

In other Rogers Corporation news, Director Carol R. Jensen sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $115.79, for a total value of $405,265.00. Following the completion of the sale, the director now owns 10,088 shares in the company, valued at $1,168,089.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bruce D. Hoechner sold 23,200 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $133.23, for a total value of $3,090,936.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,981 shares of company stock valued at $4,644,611. 1.50% of the stock is owned by company insiders.

ROG has been the subject of a number of analyst reports. BidaskClub raised Rogers Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. B. Riley reissued a “buy” rating and set a $147.00 price objective on shares of Rogers Corporation in a research report on Tuesday, August 15th. Needham & Company LLC reissued a “buy” rating and set a $135.00 price objective (up from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Friday, August 18th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $160.25.

Rogers Corporation (ROG) traded up $0.10 during mid-day trading on Friday, reaching $158.40. The company had a trading volume of 119,633 shares, compared to its average volume of 127,245. The stock has a market capitalization of $2,890.00, a PE ratio of 28.58 and a beta of 1.14. Rogers Corporation has a 12-month low of $69.89 and a 12-month high of $160.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.74 and a current ratio of 3.74.

Rogers Corporation (NYSE:ROG) last posted its earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.15. The firm had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $198.16 million. Rogers Corporation had a return on equity of 14.22% and a net margin of 10.88%. The firm’s revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. research analysts predict that Rogers Corporation will post 5.85 EPS for the current fiscal year.

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About Rogers Corporation

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 Corporation (NYSE:ROG)

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