Charles Schwab Investment Management Inc. Grows Stock Holdings in Rogers Co. (NYSE:ROG)

Charles Schwab Investment Management Inc. increased its stake in shares of Rogers Co. (NYSE:ROG) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 242,914 shares of the electronics maker’s stock after purchasing an additional 13,311 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.30% of Rogers worth $24,682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROG. Oppenheimer Asset Management Inc. purchased a new stake in Rogers during the third quarter valued at approximately $388,000. KBC Group NV increased its stake in shares of Rogers by 54.5% in the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after purchasing an additional 236 shares in the last quarter. Nuance Investments LLC increased its stake in shares of Rogers by 70.2% in the third quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock worth $72,319,000 after purchasing an additional 263,898 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Rogers by 38.0% in the third quarter. Intech Investment Management LLC now owns 9,836 shares of the electronics maker’s stock worth $1,112,000 after purchasing an additional 2,707 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Rogers in the third quarter worth $720,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Price Performance

Shares of NYSE ROG opened at $77.78 on Wednesday. The firm has a fifty day moving average price of $87.97 and a 200-day moving average price of $98.34. The stock has a market cap of $1.44 billion, a PE ratio of 55.17 and a beta of 0.56. Rogers Co. has a 1 year low of $71.63 and a 1 year high of $134.07.

Rogers (NYSE:ROG) last issued its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The firm had revenue of $192.20 million during the quarter, compared to analyst estimates of $191.75 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, research 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.