Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC decreased its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 42.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 355,290 shares of the technology company’s stock after selling 262,084 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Benchmark Electronics were worth $16,130,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Benchmark Electronics during the 4th quarter worth $4,145,000. Proficio Capital Partners LLC acquired a new position in Benchmark Electronics in the fourth quarter valued at $868,000. Barclays PLC lifted its position in Benchmark Electronics by 128.8% during the third quarter. Barclays PLC now owns 86,024 shares of the technology company’s stock worth $3,814,000 after buying an additional 48,425 shares during the period. Swiss National Bank boosted its stake in Benchmark Electronics by 1.0% in the 4th quarter. Swiss National Bank now owns 71,000 shares of the technology company’s stock worth $3,223,000 after buying an additional 700 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Benchmark Electronics by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 190,444 shares of the technology company’s stock valued at $8,646,000 after buying an additional 6,112 shares during the period. Institutional investors and hedge funds own 92.29% of the company’s stock.

Benchmark Electronics Stock Up 3.8 %

BHE opened at $34.95 on Friday. Benchmark Electronics, Inc. has a 1 year low of $30.73 and a 1 year high of $52.57. The firm has a 50 day moving average price of $37.41 and a 200 day moving average price of $42.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. The company has a market cap of $1.26 billion, a PE ratio of 20.20 and a beta of 0.83.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The company had revenue of $631.76 million during the quarter, compared to analyst estimates of $640.00 million. Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year.

Benchmark Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Monday, March 31st. Benchmark Electronics’s payout ratio is 46.90%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BHE. StockNews.com lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Friday. Needham & Company LLC decreased their price target on shares of Benchmark Electronics from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Lake Street Capital dropped their price objective on Benchmark Electronics from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday.

Insider Activity

In other news, CEO Jeff Benck sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total value of $232,920.00. Following the completion of the transaction, the chief executive officer now directly owns 448,180 shares in the company, valued at approximately $17,398,347.60. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

About Benchmark Electronics

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.