Jane Street Group LLC Purchases 36,579 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Jane Street Group LLC increased its position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 210.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,962 shares of the technology company's stock after buying an additional 36,579 shares during the period. Jane Street Group LLC owned 0.15% of Benchmark Electronics worth $2,450,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust bought a new stake in shares of Benchmark Electronics during the 4th quarter worth $50,000. KBC Group NV boosted its holdings in shares of Benchmark Electronics by 40.2% during the 4th 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 period. Tower Research Capital LLC TRC boosted its holdings in shares of 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 worth $213,000 after buying an additional 2,278 shares during the period. Bank of Montreal Can boosted its holdings in shares of 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 buying an additional 495 shares during the period. Finally, Summit Global Investments bought a new stake in shares of Benchmark Electronics during the 4th quarter worth $242,000. 92.29% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total transaction of $232,920.00. Following the transaction, the chief executive officer now owns 448,180 shares of the company's stock, valued at $17,398,347.60. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.20% of the company's stock.

Analyst Ratings Changes

BHE has been the subject of a number of research reports. StockNews.com downgraded shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC dropped 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 note on Wednesday, April 30th. Finally, Lake Street Capital dropped 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 note on Wednesday, April 30th.

Benchmark Electronics Price Performance

BHE traded down $0.44 during midday trading on Monday, hitting $37.03. The company had a trading volume of 263,817 shares, compared to its average volume of 327,873. 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 has a market capitalization of $1.34 billion, a PE ratio of 21.40 and a beta of 0.92. Benchmark Electronics, Inc. has a twelve month low of $30.73 and a twelve month high of $52.57. The firm's 50-day simple moving average is $36.82 and its 200-day simple moving average is $42.33.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $631.76 million for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.55 EPS.

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, March 31st. Benchmark Electronics's dividend payout ratio (DPR) is presently 46.90%.

Benchmark Electronics Company 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.