Deutsche Bank AG lessened its position in Rogers Corporation (NYSE:ROG – Free Report) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,312 shares of the electronics maker’s stock after selling 1,781 shares during the quarter. Deutsche Bank AG owned 0.19% of Rogers worth $2,385,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Rogers by 243.5% in the first quarter. GAMMA Investing LLC now owns 371 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 263 shares during the last quarter. Sterling Capital Management LLC increased its stake in Rogers by 810.8% in the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 527 shares during the last quarter. Versant Capital Management Inc increased its stake in Rogers by 698.9% in the first quarter. Versant Capital Management Inc now owns 703 shares of the electronics maker’s stock valued at $47,000 after acquiring an additional 615 shares during the last quarter. Signaturefd LLC increased its stake in Rogers by 6,118.8% in the first quarter. Signaturefd LLC now owns 995 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 979 shares during the last quarter. Finally, KBC Group NV increased its stake in Rogers by 67.3% in the first quarter. KBC Group NV now owns 1,119 shares of the electronics maker’s stock valued at $76,000 after acquiring an additional 450 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.
Rogers Trading Down 3.7%
Rogers stock opened at $74.0850 on Thursday. The firm has a 50-day moving average of $69.92 and a 200-day moving average of $70.48. The firm has a market cap of $1.34 billion, a P/E ratio of -20.99 and a beta of 0.46. Rogers Corporation has a 1-year low of $51.43 and a 1-year high of $114.05.
Analyst Upgrades and Downgrades
Separately, B. Riley upped their price target on shares of Rogers from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $85.00.
Read Our Latest Stock Report on ROG
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.
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