Rogers Co. (NYSE:ROG) Shares Acquired by Westchester Capital Management LLC

Westchester Capital Management LLC boosted its stake in shares of Rogers Co. (NYSE:ROG – Get Rating) by 41.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391,236 shares of the electronics maker’s stock after buying an additional 114,031 shares during the quarter. Rogers accounts for about 1.9% of Westchester Capital Management LLC’s holdings, making the stock its 12th biggest holding. Westchester Capital Management LLC owned approximately 2.08% of Rogers worth $94,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wipfli Financial Advisors LLC purchased a new position in Rogers in the third quarter worth approximately $32,000. Silvant Capital Management LLC acquired a new stake in Rogers during the third quarter worth approximately $76,000. Quadrant Capital Group LLC raised its holdings in Rogers by 147.8% during the third quarter. Quadrant Capital Group LLC now owns 342 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 204 shares in the last quarter. Covestor Ltd raised its holdings in Rogers by 5,866.7% during the first quarter. Covestor Ltd now owns 358 shares of the electronics maker’s stock worth $97,000 after purchasing an additional 352 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Rogers by 9.7% in the 3rd quarter. Van ECK Associates Corp now owns 518 shares of the electronics maker’s stock valued at $125,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TheStreet upgraded shares of Rogers from a “d+” rating to a “c-” rating in a research report on Tuesday, February 14th. B. Riley boosted their target price on shares of Rogers from $180.00 to $185.00 in a research note on Wednesday, March 1st. StockNews.com downgraded shares of Rogers from a “hold” rating to a “sell” rating in a research note on Saturday, November 19th. Finally, CJS Securities began coverage on shares of Rogers in a research note on Tuesday. They issued an “outperform” rating and a $185.00 target price for the company.

Insider Activity

In related news, Director Carol R. Jensen sold 1,000 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $154.28, for a total transaction of $154,280.00. Following the completion of the sale, the director now owns 12,538 shares of the company’s stock, valued at approximately $1,934,362.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Rogers Trading Down 4.0 %

NYSE ROG opened at $150.04 on Thursday. Rogers Co. has a 12 month low of $98.45 and a 12 month high of $274.51. The company has a 50-day moving average of $142.20 and a 200-day moving average of $166.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.63 and a quick ratio of 3.35. The company has a market cap of $2.79 billion, a P/E ratio of 24.32 and a beta of 0.98.

Rogers Profile

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Rogers Corp. engages in the design, development, manufacture, and sale of engineered materials and components for mission critical applications. It operates through the following segments: Advanced Electronics Solutions (AES) and Elastomeric Material Solutions (EMS), and Other. The AES segment offers manufactures and sells circuit materials, ceramic substrate materials, busbars and cooling solutions for applications in electric and hybrid electric vehicles, wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices and wired infrastructures.