Squarepoint Ops LLC Increases Stock Position in Rogers Co. (NYSE:ROG)

Squarepoint Ops LLC grew its stake in Rogers Co. (NYSE:ROG) by 151.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,058 shares of the electronics maker’s stock after acquiring an additional 16,285 shares during the period. Squarepoint Ops LLC owned about 0.15% of Rogers worth $3,263,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ROG. Nuance Investments LLC acquired a new stake in Rogers in the 2nd quarter valued at approximately $45,354,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Rogers during the first quarter worth $19,999,000. Marshall Wace LLP acquired a new stake in shares of Rogers in the second quarter valued at $10,077,000. Dimensional Fund Advisors LP raised its holdings in shares of Rogers by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock valued at $92,609,000 after buying an additional 82,922 shares during the period. Finally, Leeward Investments LLC MA acquired a new position in Rogers during the 1st quarter worth about $9,607,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rogers

In related news, VP Brian Keith Larabee sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $123.37, for a total value of $74,022.00. Following the sale, the vice president now owns 3,409 shares of the company’s stock, valued at $420,568.33. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Rogers Price Performance

NYSE ROG opened at $109.48 on Wednesday. The company has a market cap of $2.04 billion, a P/E ratio of 30.08 and a beta of 0.49. The stock has a 50-day moving average of $107.97 and a two-hundred day moving average of $114.78. Rogers Co. has a 1-year low of $96.41 and a 1-year high of $138.85.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. Rogers had a net margin of 6.75% and a return on equity of 4.67%. The company had revenue of $214.20 million during the quarter, compared to analysts’ expectations of $215.00 million. During the same quarter last year, the company posted $1.07 EPS. On average, analysts anticipate that Rogers Co. will post 3.04 EPS for the current fiscal 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.