9,382 Shares in Rogers Co. (ROG) Purchased by Atlantic Trust Group LLC
Atlantic Trust Group LLC bought a new position in shares of Rogers Co. (NYSE:ROG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,382 shares of the electronics maker’s stock, valued at approximately $1,250,000. Atlantic Trust Group LLC owned about 0.05% of Rogers as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROG. Rothschild Asset Management Inc. bought a new position in Rogers during the third quarter worth $22,261,000. Cortina Asset Management LLC bought a new position in Rogers during the third quarter worth $20,348,000. Conestoga Capital Advisors LLC raised its stake in Rogers by 41.2% during the third quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock worth $60,240,000 after buying an additional 131,853 shares during the last quarter. Walthausen & Co. LLC raised its stake in Rogers by 103.1% during the second quarter. Walthausen & Co. LLC now owns 176,942 shares of the electronics maker’s stock worth $19,219,000 after buying an additional 89,838 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Rogers by 5.3% during the second quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock worth $177,712,000 after buying an additional 82,322 shares during the last quarter. 93.22% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on ROG shares. B. Riley lifted their target price on shares of Rogers from $147.00 to $180.00 and gave the stock a “buy” rating in a research note on Sunday, November 5th. Needham & Company LLC raised their price target on shares of Rogers to $180.00 and gave the stock a “positive” rating in a report on Tuesday, December 19th. Zacks Investment Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine cut shares of Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $164.00.
In other news, SVP Robert C. Daigle sold 208 shares of Rogers stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $135.86, for a total transaction of $28,258.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey M. Grudzien sold 1,888 shares of Rogers stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $158.27, for a total transaction of $298,813.76. Following the transaction, the senior vice president now owns 24,192 shares of the company’s stock, valued at $3,828,867.84. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Shares of Rogers Co. (NYSE:ROG) opened at $161.92 on Monday. The company has a quick ratio of 2.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.18. The company has a market cap of $2,954.06, a price-to-earnings ratio of 35.05 and a beta of 1.17. Rogers Co. has a twelve month low of $75.77 and a twelve month high of $168.07.
Rogers (NYSE:ROG) last posted its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.15. The business had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $198.16 million. Rogers had a net margin of 10.88% and a return on equity of 14.22%. The business’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the company posted $0.86 earnings per share. equities analysts predict that Rogers Co. will post 5.85 EPS for the current fiscal year.
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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.
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