Benchmark Electronics, Inc. (NYSE:BHE) Stock Position Lessened by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC decreased its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 42.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 owned approximately 0.99% of Benchmark Electronics worth $16,130,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Parkside Financial Bank & Trust acquired a new position in shares of Benchmark Electronics in the 4th quarter valued at approximately $50,000. KBC Group NV increased its stake in shares of Benchmark Electronics by 40.2% in the fourth quarter. KBC Group NV now owns 2,151 shares of the technology company's stock worth $98,000 after buying an additional 617 shares during the last quarter. GAMMA Investing LLC raised its holdings in Benchmark Electronics by 12.9% in the fourth quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock valued at $116,000 after acquiring an additional 292 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Benchmark Electronics by 94.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company's stock valued at $213,000 after acquiring an additional 2,278 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Benchmark Electronics by 10.7% during the 4th quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock worth $232,000 after acquiring an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company's stock.

Insiders Place Their Bets

In other Benchmark Electronics 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 value of $232,920.00. Following the completion of the transaction, the chief executive officer now owns 448,180 shares in the company, valued at approximately $17,398,347.60. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BHE. Needham & Company LLC cut their target price on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Lake Street Capital cut their price objective on Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, StockNews.com lowered Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd.

Benchmark Electronics Stock Performance

Shares of NYSE:BHE traded up $0.78 on Thursday, reaching $35.44. 64,178 shares of the company's stock were exchanged, compared to its average volume of 327,664. The business's 50-day moving average is $37.09 and its two-hundred day moving average is $42.72. The company has a quick ratio of 1.46, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. Benchmark Electronics, Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $52.57. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 20.49 and a beta of 0.92.

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

Benchmark Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.92%. Benchmark Electronics's payout ratio is currently 46.90%.

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.