News

May 04, 2023

Barclays PLC Has $22.71 Million Stock Holdings in Rogers Co. (NYSE:ROG)

Barclays PLC trimmed its holdings in Rogers Co. (NYSE:ROG - Get Rating) by 49.3%

Barclays PLC trimmed its holdings in Rogers Co. (NYSE:ROG - Get Rating) by 49.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,297 shares of the electronics maker's stock after selling 184,857 shares during the quarter. Barclays PLC owned about 1.01% of Rogers worth $22,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Eaton Vance Management lifted its stake in shares of Rogers by 1.0% in the 1st quarter. Eaton Vance Management now owns 3,825 shares of the electronics maker's stock valued at $1,039,000 after purchasing an additional 39 shares during the period. Mackenzie Financial Corp raised its stake in Rogers by 4.9% during the 1st quarter. Mackenzie Financial Corp now owns 1,064 shares of the electronics maker's stock worth $289,000 after buying an additional 50 shares during the period. Great West Life Assurance Co. Can raised its stake in Rogers by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 16,187 shares of the electronics maker's stock worth $4,512,000 after buying an additional 61 shares during the period. Evergreen Capital Management LLC raised its stake in Rogers by 14.0% during the 1st quarter. Evergreen Capital Management LLC now owns 937 shares of the electronics maker's stock worth $255,000 after buying an additional 115 shares during the period. Finally, Amalgamated Bank raised its stake in Rogers by 1.3% during the 3rd quarter. Amalgamated Bank now owns 9,173 shares of the electronics maker's stock worth $2,219,000 after buying an additional 117 shares during the period. 95.35% of the stock is owned by institutional investors and hedge funds.

In other Rogers news, Director Anne K. Roby acquired 300 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were bought at an average price of $162.01 per share, for a total transaction of $48,603.00. Following the completion of the transaction, the director now owns 300 shares of the company's stock, valued at approximately $48,603. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Anne K. Roby bought 300 shares of Rogers stock in a transaction that occurred on Monday, May 1st. The shares were acquired at an average price of $162.01 per share, with a total value of $48,603.00. Following the completion of the purchase, the director now directly owns 300 shares in the company, valued at $48,603. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ramakumar Mayampurath sold 1,200 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $160.96, for a total value of $193,152.00. Following the completion of the transaction, the chief financial officer now directly owns 17,152 shares in the company, valued at approximately $2,760,785.92. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

ROG has been the subject of a number of recent research reports. TheStreet raised Rogers from a "d+" rating to a "c-" rating in a report on Tuesday, February 14th. CJS Securities initiated coverage on Rogers in a report on Tuesday, March 14th. They issued an "outperform" rating and a $185.00 target price for the company. B. Riley increased their price objective on Rogers from $200.00 to $205.00 in a report on Friday, April 28th. Finally, StockNews.com upgraded Rogers from a "sell" rating to a "hold" rating in a research report on Monday.

NYSE:ROG opened at $157.07 on Friday. The company has a market cap of $2.92 billion, a P/E ratio of 30.74 and a beta of 0.96. The stock's fifty day moving average price is $158.83 and its two-hundred day moving average price is $142.67. Rogers Co. has a 1 year low of $98.45 and a 1 year high of $271.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.80 and a quick ratio of 3.41.

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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure.

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