California Public Employees Retirement System Boosts Stock Position in Rogers Co. (NYSE:ROG)

California Public Employees Retirement System boosted its holdings in shares of Rogers Co. (NYSE:ROG) by 89.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 57,925 shares of the electronics maker’s stock after purchasing an additional 27,315 shares during the quarter. California Public Employees Retirement System’s holdings in Rogers were worth $7,650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Walleye Capital LLC increased its holdings in Rogers by 2,125.9% during the 3rd quarter. Walleye Capital LLC now owns 31,986 shares of the electronics maker’s stock worth $4,205,000 after purchasing an additional 30,549 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Rogers by 45.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock worth $15,945,000 after acquiring an additional 37,456 shares in the last quarter. Inspire Investing LLC grew its position in shares of Rogers by 18.7% in the 3rd quarter. Inspire Investing LLC now owns 2,608 shares of the electronics maker’s stock worth $343,000 after acquiring an additional 411 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Rogers in the 3rd quarter worth approximately $2,790,000. Finally, Schroder Investment Management Group acquired a new position in shares of Rogers in the 3rd quarter worth approximately $19,085,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Trading Down 1.4 %

Shares of ROG opened at $118.33 on Friday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 32.51 and a beta of 0.67. The stock has a 50 day moving average of $114.82 and a 200-day moving average of $120.85. Rogers Co. has a 52 week low of $105.48 and a 52 week high of $173.16.

Rogers (NYSE:ROG) last issued its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.40). The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $220.00 million. Rogers had a return on equity of 5.30% and a net margin of 7.73%. On average, sell-side analysts predict that Rogers Co. will post 3.07 earnings per share for the current fiscal year.

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.