CIBC World Markets Inc. acquired a new stake in shares of Rogers Co. (NYSE:ROG) in the 4th quarter, Holdings Channel reports. The firm acquired 2,227 shares of the electronics maker’s stock, valued at approximately $361,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in ROG. Oppenheimer Asset Management Inc. lifted its stake in shares of Rogers by 178.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock valued at $105,000 after purchasing an additional 501 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Rogers by 59.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock valued at $148,000 after purchasing an additional 340 shares during the period. Quantbot Technologies LP lifted its stake in shares of Rogers by 852.9% in the 3rd quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock valued at $151,000 after purchasing an additional 1,015 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Rogers by 10.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,584 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 147 shares during the period. Finally, Pitcairn Co. acquired a new position in shares of Rogers in the 3rd quarter valued at $202,000. Institutional investors and hedge funds own 93.18% of the company’s stock.
Several equities analysts recently issued reports on ROG shares. Zacks Investment Research upgraded shares of Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 target price for the company in a research note on Wednesday, November 8th. Needham & Company LLC boosted their target price on shares of Rogers to $180.00 and gave the company a “positive” rating in a research note on Tuesday, December 19th. B. Riley reiterated a “buy” rating and issued a $180.00 target price on shares of Rogers in a research note on Friday, December 15th. Finally, ValuEngine lowered shares of Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $164.00.
In related news, SVP Jeffrey M. Grudzien sold 1,888 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $158.27, for a total value of $298,813.76. Following the completion of the sale, the senior vice president now owns 24,192 shares of the company’s stock, valued at approximately $3,828,867.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.
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Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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