New York State Teachers Retirement System Sells 1,100 Shares of Rogers Co. (NYSE:ROG)

New York State Teachers Retirement System lessened its holdings in Rogers Co. (NYSE:ROG) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,216 shares of the electronics maker’s stock after selling 1,100 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Rogers worth $2,054,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ROG. JPMorgan Chase & Co. raised its position in shares of Rogers by 29.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 77,211 shares of the electronics maker’s stock valued at $8,726,000 after acquiring an additional 17,648 shares during the period. Geode Capital Management LLC grew its holdings in shares of Rogers by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker’s stock valued at $46,461,000 after buying an additional 5,164 shares during the period. Invenomic Capital Management LP bought a new stake in shares of Rogers in the 3rd quarter valued at $3,057,000. Jane Street Group LLC raised its stake in Rogers by 46.8% during the 3rd quarter. Jane Street Group LLC now owns 27,011 shares of the electronics maker’s stock worth $3,053,000 after buying an additional 8,615 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Rogers by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker’s stock worth $25,947,000 after acquiring an additional 11,876 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Stock Down 4.2 %

Shares of ROG stock opened at $85.80 on Friday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 60.85 and a beta of 0.51. Rogers Co. has a 12-month low of $84.75 and a 12-month high of $134.07. The firm has a fifty day moving average of $96.05 and a 200-day moving average of $101.65.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $192.20 million during the quarter, compared to the consensus estimate of $191.75 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. During the same period in the prior year, the business posted $0.60 EPS. On average, equities analysts expect that Rogers Co. will post 3.57 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.