Pacer Advisors Inc. Has $76.72 Million Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Pacer Advisors Inc. trimmed its position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,689,852 shares of the technology company's stock after selling 254,495 shares during the quarter. Pacer Advisors Inc. owned approximately 4.69% of Benchmark Electronics worth $76,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BHE. Captrust Financial Advisors raised its position in shares of Benchmark Electronics by 3.8% during the 3rd quarter. Captrust Financial Advisors now owns 6,535 shares of the technology company's stock worth $290,000 after purchasing an additional 242 shares during the period. GAMMA Investing LLC increased its position in Benchmark Electronics by 12.9% in the fourth quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock worth $116,000 after buying an additional 292 shares during the period. Versor Investments LP lifted its stake in Benchmark Electronics by 2.2% in the third quarter. Versor Investments LP now owns 14,115 shares of the technology company's stock valued at $626,000 after buying an additional 300 shares during the last quarter. Heritage Family Offices LLP boosted its holdings in shares of Benchmark Electronics by 5.7% during the fourth quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company's stock valued at $280,000 after acquiring an additional 334 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Benchmark Electronics by 4.0% during the third quarter. Inspire Investing LLC now owns 9,346 shares of the technology company's stock worth $414,000 after acquiring an additional 362 shares during the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on BHE shares. Needham & Company LLC reaffirmed a "buy" rating and set a $48.00 target price on shares of Benchmark Electronics in a research note on Tuesday, January 14th. StockNews.com raised Benchmark Electronics from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Benchmark Electronics currently has an average rating of "Moderate Buy" and an average price target of $42.33.

Insider Buying and Selling

In other news, CEO Jeff Benck sold 6,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $45.31, for a total value of $271,860.00. Following the completion of the sale, the chief executive officer now directly owns 418,173 shares of the company's stock, valued at approximately $18,947,418.63. This represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 36,000 shares of company stock worth $1,655,340 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Benchmark Electronics Stock Down 7.2 %

Benchmark Electronics stock traded down $3.37 during trading hours on Monday, hitting $43.54. The company had a trading volume of 124,305 shares, compared to its average volume of 190,519. The firm's fifty day moving average is $47.26 and its 200-day moving average is $44.70. The firm has a market capitalization of $1.57 billion, a P/E ratio of 25.36 and a beta of 1.00. Benchmark Electronics, Inc. has a fifty-two week low of $26.41 and a fifty-two week high of $52.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.00 million. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. The firm's revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS.

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.56%. Benchmark Electronics's payout ratio is presently 39.53%.

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.