MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.09 Million Holdings in Rogers Co. (NYSE:ROG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Rogers Co. (NYSE:ROG) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,685 shares of the electronics maker’s stock after purchasing an additional 398 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Rogers worth $1,086,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC grew its holdings in shares of Rogers by 810.8% during the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock worth $60,000 after buying an additional 527 shares in the last quarter. Covestor Ltd raised its holdings in shares of Rogers by 43.7% in the fourth quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock valued at $118,000 after purchasing an additional 354 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Rogers by 6.2% in the fourth quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock worth $205,000 after purchasing an additional 118 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Rogers during the fourth quarter worth $222,000. Finally, Canada Pension Plan Investment Board bought a new position in Rogers in the fourth quarter valued at $274,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

ROG has been the subject of a number of recent research reports. CL King began coverage on shares of Rogers in a research note on Monday, March 31st. They set a “buy” rating and a $85.00 price objective for the company. B. Riley increased their price target on Rogers from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th.

Insiders Place Their Bets

In other news, VP Griffin Melaney Gappert sold 756 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $62.55, for a total transaction of $47,287.80. Following the completion of the sale, the vice president now owns 4,484 shares in the company, valued at $280,474.20. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.35% of the company’s stock.

Rogers Price Performance

Shares of ROG stock opened at $65.48 on Monday. The company has a fifty day moving average price of $63.59 and a two-hundred day moving average price of $84.22. Rogers Co. has a one year low of $51.43 and a one year high of $134.07. The stock has a market cap of $1.21 billion, a P/E ratio of 46.44 and a beta of 0.41.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $187.50 million. As a group, equities research analysts anticipate that Rogers Co. will post 3.57 EPS for the current fiscal year.

Rogers 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.