Healthcare of Ontario Pension Plan Trust Fund Sells 104,100 Shares of Rogers Co. (NYSE:ROG)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of Rogers Co. (NYSE:ROG) by 30.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,600 shares of the electronics maker’s stock after selling 104,100 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 1.25% of Rogers worth $26,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in shares of Rogers by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,865 shares of the electronics maker’s stock worth $949,000 after purchasing an additional 94 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Rogers by 2.1% during the second quarter. Arizona State Retirement System now owns 4,700 shares of the electronics maker’s stock worth $567,000 after acquiring an additional 95 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Rogers by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the electronics maker’s stock worth $1,013,000 after acquiring an additional 100 shares during the period. Wrapmanager Inc. grew its position in shares of Rogers by 5.6% in the second quarter. Wrapmanager Inc. now owns 2,732 shares of the electronics maker’s stock valued at $330,000 after purchasing an additional 145 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in Rogers by 5.9% in the 3rd quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock worth $321,000 after purchasing an additional 158 shares during the period. 96.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Michael Reed Webb sold 416 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the completion of the transaction, the senior vice president now directly owns 4,400 shares in the company, valued at approximately $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.35% of the company’s stock.

Rogers Trading Down 0.2 %

ROG stock opened at $102.94 on Friday. The firm has a 50 day moving average of $104.56 and a 200-day moving average of $111.36. The firm has a market capitalization of $1.92 billion, a P/E ratio of 38.41 and a beta of 0.51. Rogers Co. has a 12 month low of $96.10 and a 12 month high of $138.85.

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

About Rogers

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.