Aristotle Capital Boston LLC Reduces Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Aristotle Capital Boston LLC cut its stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 42.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 355,290 shares of the technology company's stock after selling 262,084 shares during the period. Aristotle Capital Boston LLC owned about 0.99% of Benchmark Electronics worth $16,130,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Benchmark Electronics by 12.9% during the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock worth $116,000 after acquiring an additional 292 shares during the period. Heritage Family Offices LLP increased its holdings in shares of Benchmark Electronics by 5.7% in the fourth quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company's stock valued at $280,000 after purchasing an additional 334 shares during the period. Highland Capital Management LLC lifted its holdings in shares of Benchmark Electronics by 6.4% during the fourth quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company's stock worth $255,000 after purchasing an additional 337 shares during the period. Mariner LLC lifted its holdings in shares of Benchmark Electronics by 2.4% during the fourth quarter. Mariner LLC now owns 14,846 shares of the technology company's stock worth $676,000 after purchasing an additional 353 shares during the period. Finally, Martingale Asset Management L P grew its position in Benchmark Electronics by 0.5% in the 4th quarter. Martingale Asset Management L P now owns 73,047 shares of the technology company's stock valued at $3,316,000 after buying an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company's stock.

Benchmark Electronics Stock Performance

Shares of BHE opened at $34.95 on Friday. 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 52-week low of $30.73 and a 52-week high of $52.57. The company has a 50-day simple moving average of $37.41 and a 200-day simple moving average of $42.92. The company has a market capitalization of $1.26 billion, a PE ratio of 20.20 and a beta of 0.83.

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

Benchmark Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Monday, March 31st. Benchmark Electronics's dividend payout ratio (DPR) is presently 46.90%.

Analyst Ratings Changes

A number of brokerages have commented on BHE. Lake Street Capital cut their price objective on shares of Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday. Needham & Company LLC reduced their price objective on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, StockNews.com cut Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Friday.

Insider Buying and Selling

In related news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total transaction of $232,920.00. Following the completion of the transaction, the chief executive officer now directly owns 448,180 shares in the company, valued at $17,398,347.60. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company's stock.

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.

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