Versor Investments LP Reduces Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Versor Investments LP trimmed its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,715 shares of the technology company’s stock after selling 2,400 shares during the quarter. Versor Investments LP’s holdings in Benchmark Electronics were worth $532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in shares of Benchmark Electronics by 8.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,944,347 shares of the technology company’s stock valued at $86,173,000 after buying an additional 159,659 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Benchmark Electronics by 19.5% during the third quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company’s stock valued at $36,364,000 after purchasing an additional 133,602 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Benchmark Electronics by 34.5% in the third quarter. Wellington Management Group LLP now owns 428,181 shares of the technology company’s stock worth $18,977,000 after purchasing an additional 109,903 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Benchmark Electronics in the third quarter worth $3,334,000. Finally, Barclays PLC raised its position in shares of Benchmark Electronics by 128.8% during the 3rd quarter. Barclays PLC now owns 86,024 shares of the technology company’s stock valued at $3,814,000 after purchasing an additional 48,425 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BHE has been the subject of a number of analyst reports. Needham & Company LLC increased their price target on Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction on Monday, January 13th. The shares were sold at an average price of $45.31, for a total value of $271,860.00. Following the completion of the transaction, the chief executive officer now directly owns 418,173 shares of the company’s stock, valued at $18,947,418.63. This trade represents a 1.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.10% of the company’s stock.

Benchmark Electronics Price Performance

Shares of NYSE:BHE opened at $40.04 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 23.14 and a beta of 0.99. The firm has a fifty day moving average price of $44.23 and a 200 day moving average price of $44.68. Benchmark Electronics, Inc. has a fifty-two week low of $27.44 and a fifty-two week 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.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data 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 net margin of 2.38% and a return on equity of 6.68%.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Tuesday, December 31st. Benchmark Electronics’s payout ratio is 39.31%.

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.