JPMorgan Chase & Co. Sells 7,957 Shares of Rogers Co. (NYSE:ROG)

JPMorgan Chase & Co. cut its holdings in Rogers Co. (NYSE:ROG) by 10.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,254 shares of the electronics maker’s stock after selling 7,957 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.37% of Rogers worth $7,037,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Inspire Investing LLC boosted its holdings in Rogers by 5.7% in the fourth quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock valued at $440,000 after acquiring an additional 232 shares during the last quarter. Procyon Advisors LLC lifted its holdings in shares of Rogers by 11.9% in the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock valued at $316,000 after purchasing an additional 331 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Rogers by 11.0% in the 4th quarter. Handelsbanken Fonder AB now owns 6,072 shares of the electronics maker’s stock worth $617,000 after acquiring an additional 600 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in Rogers by 16.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 5,786 shares of the electronics maker’s stock valued at $588,000 after buying an additional 834 shares during the last quarter. Finally, Hedges Asset Management LLC grew its stake in Rogers by 36.5% in the 4th quarter. Hedges Asset Management LLC now owns 3,550 shares of the electronics maker’s stock valued at $361,000 after purchasing an additional 950 shares during the period. Institutional investors own 96.02% of the company’s stock.

Rogers Price Performance

NYSE ROG opened at $52.52 on Thursday. Rogers Co. has a 1 year low of $51.43 and a 1 year high of $134.07. The stock has a market capitalization of $972.62 million, a PE ratio of 37.25 and a beta of 0.51. The company’s 50 day simple moving average is $73.95 and its two-hundred day simple moving average is $92.22.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $192.20 million during the quarter, compared to analyst estimates of $191.75 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. During the same period in the prior year, the business posted $0.60 earnings per share. On average, research analysts anticipate that Rogers Co. will post 3.57 EPS for the current year.

Analyst Ratings Changes

Separately, CL King initiated coverage on Rogers in a research report on Monday, March 31st. They set a “buy” rating and a $85.00 price target on the stock.

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.