Public Sector Pension Investment Board Has $3.40 Million Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Public Sector Pension Investment Board trimmed its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,643 shares of the technology company’s stock after selling 2,700 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.21% of Benchmark Electronics worth $3,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in BHE. Miller Howard Investments Inc. NY lifted its stake in Benchmark Electronics by 1.8% in the second quarter. Miller Howard Investments Inc. NY now owns 15,244 shares of the technology company’s stock valued at $602,000 after acquiring an additional 263 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Benchmark Electronics by 65.7% in the 2nd quarter. UMB Bank n.a. now owns 686 shares of the technology company’s stock valued at $27,000 after purchasing an additional 272 shares during the last quarter. Versor Investments LP boosted its holdings in Benchmark Electronics by 2.2% in the third quarter. Versor Investments LP now owns 14,115 shares of the technology company’s stock worth $626,000 after purchasing an additional 300 shares in the last quarter. Inspire Investing LLC increased its position in Benchmark Electronics by 4.0% during the third quarter. Inspire Investing LLC now owns 9,346 shares of the technology company’s stock worth $414,000 after buying an additional 362 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Benchmark Electronics by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the technology company’s stock valued at $714,000 after buying an additional 400 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

Insider Buying and Selling at Benchmark Electronics

In other news, SVP Rhonda R. Turner sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $46.98, for a total value of $281,880.00. Following the transaction, the senior vice president now directly owns 47,991 shares of the company’s stock, valued at $2,254,617.18. The trade was a 11.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeff Benck sold 24,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $45.90, for a total value of $1,101,600.00. Following the sale, the chief executive officer now directly owns 424,173 shares of the company’s stock, valued at $19,469,540.70. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BHE shares. StockNews.com downgraded Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC lifted their target price on shares of Benchmark Electronics from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.33.

Benchmark Electronics Price Performance

Shares of Benchmark Electronics stock opened at $48.95 on Wednesday. The firm has a fifty day moving average price of $46.00 and a two-hundred day moving average price of $43.04. Benchmark Electronics, Inc. has a fifty-two week low of $24.93 and a fifty-two week high of $52.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45. The company has a market cap of $1.76 billion, a PE ratio of 28.46 and a beta of 0.99.

Benchmark Electronics (NYSE:BHE) last released its earnings results on Wednesday, October 30th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.00 million. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.57 earnings per share.

Benchmark Electronics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.39%. This is an increase from Benchmark Electronics’s previous quarterly dividend of $0.17. Benchmark Electronics’s payout ratio is currently 39.53%.

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.