Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 70.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,835 shares of the technology company's stock after selling 30,641 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Benchmark Electronics were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in BHE. Wasatch Advisors LP raised its position in shares of Benchmark Electronics by 19.5% in the 3rd quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company's stock worth $36,364,000 after acquiring an additional 133,602 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Benchmark Electronics by 34.5% during the third quarter. Wellington Management Group LLP now owns 428,181 shares of the technology company's stock valued at $18,977,000 after buying an additional 109,903 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Benchmark Electronics in the 4th quarter worth approximately $4,145,000. Edgestream Partners L.P. bought a new position in shares of Benchmark Electronics during the 4th quarter worth approximately $3,709,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in Benchmark Electronics in the third quarter valued at approximately $3,334,000. Hedge funds and other institutional investors own 92.29% of the company's stock.
Insider Transactions at Benchmark Electronics
In related news, CEO Jeff Benck sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total transaction of $232,920.00. Following the completion of the sale, the chief executive officer now owns 448,180 shares of the company's stock, valued at approximately $17,398,347.60. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company's stock.
Benchmark Electronics Price Performance
Shares of Benchmark Electronics stock traded down $0.76 on Wednesday, reaching $39.87. The company's stock had a trading volume of 244,827 shares, compared to its average volume of 296,133. Benchmark Electronics, Inc. has a 52-week low of $28.64 and a 52-week high of $52.57. The company has a market capitalization of $1.44 billion, a P/E ratio of 23.05 and a beta of 0.97. The company has a quick ratio of 1.46, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $41.95 and a 200-day moving average price of $44.43.
Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.71%. Benchmark Electronics's dividend payout ratio (DPR) is presently 39.31%.
Analyst Ratings Changes
BHE has been the topic of several research reports. StockNews.com raised Benchmark Electronics from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Needham & Company LLC upped their target price on Benchmark Electronics from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.00.
Read Our Latest Report on BHE
Benchmark Electronics Company Profile
(
Free Report)
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.
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