BNP Paribas Financial Markets Boosts Stock Position in Rogers Co. (NYSE:ROG)

BNP Paribas Financial Markets grew its holdings in Rogers Co. (NYSE:ROG) by 948.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,353 shares of the electronics maker’s stock after purchasing an additional 114,302 shares during the period. BNP Paribas Financial Markets’ holdings in Rogers were worth $14,279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ROG. FMR LLC raised its stake in shares of Rogers by 83.1% during the third quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock valued at $261,000 after acquiring an additional 1,048 shares in the last quarter. Quantbot Technologies LP bought a new stake in Rogers during the 3rd quarter valued at $720,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Rogers by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker’s stock worth $25,947,000 after buying an additional 11,876 shares during the period. Intech Investment Management LLC grew its position in shares of Rogers by 38.0% during the 3rd quarter. Intech Investment Management LLC now owns 9,836 shares of the electronics maker’s stock worth $1,112,000 after buying an additional 2,707 shares in the last quarter. Finally, Nuance Investments LLC increased its stake in shares of Rogers by 70.2% during the third quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock valued at $72,319,000 after buying an additional 263,898 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Insider Activity

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $108.82, for a total transaction of $45,269.12. Following the completion of the sale, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $478,808. This represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.35% of the company’s stock.

Rogers Price Performance

Shares of Rogers stock opened at $103.58 on Monday. Rogers Co. has a 1 year low of $96.10 and a 1 year high of $138.85. The firm’s 50-day moving average is $104.51 and its two-hundred day moving average is $111.13. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 38.65 and a beta of 0.51.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.13. The firm had revenue of $210.30 million during the quarter, compared to analysts’ expectations of $220.20 million. Rogers had a net margin of 5.91% and a return on equity of 4.19%. During the same quarter in the prior year, the company earned $1.24 EPS. On average, equities analysts expect that Rogers Co. will post 2.71 earnings per share for the current 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.