Trexquant Investment LP decreased its position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,490 shares of the technology company's stock after selling 38,644 shares during the period. Trexquant Investment LP owned about 0.17% of Benchmark Electronics worth $2,746,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Boston Partners raised its stake in shares of Benchmark Electronics by 569.5% in the fourth quarter. Boston Partners now owns 416,831 shares of the technology company's stock valued at $17,638,000 after acquiring an additional 354,567 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Benchmark Electronics by 45.2% in the fourth quarter. JPMorgan Chase & Co. now owns 815,499 shares of the technology company's stock valued at $37,024,000 after acquiring an additional 253,730 shares in the last quarter. American Century Companies Inc. lifted its stake in Benchmark Electronics by 16.9% in the fourth quarter. American Century Companies Inc. now owns 1,153,257 shares of the technology company's stock worth $52,358,000 after acquiring an additional 166,967 shares during the last quarter. Norges Bank purchased a new position in Benchmark Electronics in the fourth quarter worth approximately $5,302,000. Finally, Wellington Management Group LLP grew its holdings in Benchmark Electronics by 34.5% during the 3rd quarter. Wellington Management Group LLP now owns 428,181 shares of the technology company's stock worth $18,977,000 after acquiring an additional 109,903 shares in the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on BHE shares. StockNews.com raised Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Needham & Company LLC increased their price target on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.
Get Our Latest Stock Report on Benchmark Electronics
Benchmark Electronics Price Performance
BHE stock traded up $0.32 during trading on Friday, hitting $35.23. The stock had a trading volume of 246,887 shares, compared to its average volume of 331,334. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 20.36 and a beta of 0.83. Benchmark Electronics, Inc. has a 1-year low of $29.08 and a 1-year high of $52.57. 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's 50 day moving average price is $39.11 and its two-hundred day moving average price is $43.73.
Benchmark Electronics (NYSE:BHE - Get Free Report) last released its earnings results on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%.
Benchmark Electronics Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Monday, March 31st. Benchmark Electronics's dividend payout ratio (DPR) is 39.31%.
Insiders Place Their Bets
In other news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the transaction, the chief executive officer now directly owns 448,180 shares of the company's stock, valued at $17,398,347.60. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.10% of the stock is currently owned by insiders.
Benchmark Electronics Company Profile
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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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