Benchmark Electronics, Inc. (NYSE:BHE) Shares Purchased by Boston Partners

Boston Partners lifted its position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 569.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 416,831 shares of the technology company's stock after buying an additional 354,567 shares during the quarter. Boston Partners owned approximately 1.16% of Benchmark Electronics worth $17,638,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BHE. Victory Capital Management Inc. grew its position in shares of Benchmark Electronics by 55.2% in the third quarter. Victory Capital Management Inc. now owns 39,439 shares of the technology company's stock valued at $1,748,000 after purchasing an additional 14,020 shares during the period. KBC Group NV grew its holdings in Benchmark Electronics by 125.3% in the 3rd quarter. KBC Group NV now owns 1,534 shares of the technology company's stock valued at $68,000 after buying an additional 853 shares during the period. Natixis Advisors LLC grew its holdings in Benchmark Electronics by 8.3% in the 3rd quarter. Natixis Advisors LLC now owns 27,233 shares of the technology company's stock valued at $1,207,000 after buying an additional 2,078 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Benchmark Electronics during the 3rd quarter valued at about $945,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Benchmark Electronics during the 3rd quarter worth about $3,334,000. Institutional investors and hedge funds own 92.29% of the company's stock.

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Analyst Upgrades and Downgrades

BHE has been the subject of several research analyst reports. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. StockNews.com upgraded Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Benchmark Electronics presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Insider Transactions at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $45.31, for a total transaction of $271,860.00. Following the transaction, the chief executive officer now directly owns 418,173 shares of the company's stock, valued at approximately $18,947,418.63. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company's stock.

Benchmark Electronics Trading Down 1.7 %

BHE traded down $0.71 on Tuesday, reaching $40.60. 318,414 shares of the company's stock were exchanged, compared to its average volume of 296,123. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 23.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. Benchmark Electronics, Inc. has a twelve month low of $28.64 and a twelve month high of $52.57. The company's 50 day moving average is $42.08 and its 200-day moving average is $44.42.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its earnings results on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, March 31st. Benchmark Electronics's dividend payout ratio is presently 39.31%.

Benchmark Electronics Profile

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.