Public Sector Pension Investment Board increased its holdings in shares of Rogers Co. (NYSE:ROG – Free Report) by 7.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 36,949 shares of the electronics maker’s stock after acquiring an additional 2,596 shares during the quarter. Public Sector Pension Investment Board’s holdings in Rogers were worth $4,456,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Dedication LLC purchased a new stake in shares of Rogers during the 2nd quarter worth approximately $25,000. Bessemer Group Inc. raised its stake in Rogers by 2,926.3% during the 1st quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 556 shares in the last quarter. Covestor Ltd lifted its position in Rogers by 629.5% in the first quarter. Covestor Ltd now owns 766 shares of the electronics maker’s stock valued at $91,000 after acquiring an additional 661 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Rogers in the first quarter valued at $95,000. Finally, Quest Partners LLC grew its holdings in shares of Rogers by 39,200.0% during the second quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after purchasing an additional 784 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
Rogers Stock Performance
Rogers stock opened at $108.11 on Friday. The company has a market capitalization of $2.01 billion, a P/E ratio of 29.70 and a beta of 0.49. Rogers Co. has a fifty-two week low of $96.41 and a fifty-two week high of $138.85. The stock has a 50-day simple moving average of $108.59 and a 200-day simple moving average of $114.90.
Insider Buying and Selling
In other Rogers news, VP Brian Keith Larabee sold 600 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $123.37, for a total transaction of $74,022.00. Following the transaction, the vice president now directly owns 3,409 shares of the company’s stock, valued at approximately $420,568.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is owned by company insiders.
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.
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