Sequoia Financial Advisors LLC Sells 225 Shares of Rogers Co. (NYSE:ROG)

Sequoia Financial Advisors LLC trimmed its position in shares of Rogers Co. (NYSE:ROG) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,261 shares of the electronics maker’s stock after selling 225 shares during the period. Sequoia Financial Advisors LLC’s holdings in Rogers were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Rogers by 12.4% in the first quarter. BlackRock Inc. now owns 3,566,556 shares of the electronics maker’s stock valued at $582,882,000 after buying an additional 392,411 shares during the period. Vanguard Group Inc. lifted its stake in Rogers by 1.5% during the third quarter. Vanguard Group Inc. now owns 2,091,859 shares of the electronics maker’s stock worth $505,978,000 after purchasing an additional 31,905 shares during the period. Norges Bank bought a new position in Rogers during the fourth quarter worth about $197,666,000. State Street Corp lifted its stake in Rogers by 0.7% during the second quarter. State Street Corp now owns 715,698 shares of the electronics maker’s stock worth $115,893,000 after purchasing an additional 5,036 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Rogers by 9.4% during the third quarter. Victory Capital Management Inc. now owns 676,480 shares of the electronics maker’s stock worth $88,937,000 after purchasing an additional 58,294 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Rogers Stock Down 3.6 %

Shares of ROG opened at $105.75 on Thursday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 34.90 and a beta of 0.69. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02. Rogers Co. has a 12 month low of $105.73 and a 12 month high of $173.16. The company has a 50-day moving average price of $115.57 and a two-hundred day moving average price of $121.99.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). The business had revenue of $204.60 million for the quarter, compared to the consensus estimate of $220.00 million. Rogers had a return on equity of 5.82% and a net margin of 6.23%. Equities analysts predict that Rogers Co. will post 2.93 EPS for the current fiscal year.

Rogers Company Profile

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.