Perpetual Ltd Has $285,000 Stake in Rogers Co. (NYSE:ROG)

Perpetual Ltd reduced its holdings in Rogers Co. (NYSE:ROG) by 49.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,803 shares of the electronics maker’s stock after selling 2,700 shares during the quarter. Perpetual Ltd’s holdings in Rogers were worth $285,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ROG. Nuance Investments LLC lifted its holdings in Rogers by 70.2% in the third quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock valued at $72,319,000 after buying an additional 263,898 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Rogers by 100.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock valued at $40,730,000 after buying an additional 169,200 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Rogers in the third quarter valued at approximately $17,517,000. BNP Paribas Financial Markets lifted its holdings in Rogers by 948.5% in the third quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock valued at $14,279,000 after buying an additional 114,302 shares during the period. Finally, Marshall Wace LLP acquired a new position in Rogers in the second quarter valued at approximately $10,077,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rogers

In other news, SVP Michael Reed Webb sold 416 shares of Rogers stock in a transaction 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 transaction, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at $478,808. This trade represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.35% of the company’s stock.

Rogers Price Performance

Shares of NYSE ROG opened at $97.18 on Friday. The company’s 50 day simple moving average is $101.97 and its 200 day simple moving average is $106.40. Rogers Co. has a fifty-two week low of $93.81 and a fifty-two week high of $134.07. The firm has a market capitalization of $1.81 billion, a P/E ratio of 36.26 and a beta of 0.53.

Rogers (NYSE:ROG) last announced its quarterly earnings results 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 analysts’ expectations of $220.20 million. Rogers had a net margin of 5.91% and a return on equity of 4.19%. During the same period last year, the firm posted $1.24 earnings per share. Sell-side analysts expect that Rogers Co. will post 2.71 EPS for the current fiscal year.

About Rogers

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.