Pacer Advisors Inc. Has $76.72 Million Stock Position in Benchmark Electronics, Inc. (NYSE:BHE)

Pacer Advisors Inc. cut its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 13.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,689,852 shares of the technology company’s stock after selling 254,495 shares during the period. Pacer Advisors Inc.’s holdings in Benchmark Electronics were worth $76,719,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BHE. Captrust Financial Advisors grew its stake in Benchmark Electronics by 3.8% during the third quarter. Captrust Financial Advisors now owns 6,535 shares of the technology company’s stock worth $290,000 after purchasing an additional 242 shares during the period. GAMMA Investing LLC grew its position in shares of 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 buying an additional 292 shares during the period. Versor Investments LP increased its stake in shares of Benchmark Electronics by 2.2% in the 3rd quarter. Versor Investments LP now owns 14,115 shares of the technology company’s stock valued at $626,000 after acquiring an additional 300 shares in the last quarter. Heritage Family Offices LLP lifted its position in shares of Benchmark Electronics by 5.7% during the 4th quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company’s stock valued at $280,000 after acquiring an additional 334 shares during the period. Finally, Inspire Investing LLC boosted its stake 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 acquiring an additional 362 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Trading Down 0.3 %

NYSE:BHE opened at $47.01 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45. Benchmark Electronics, Inc. has a one year low of $26.41 and a one year high of $52.57. The company has a market cap of $1.69 billion, a PE ratio of 27.33 and a beta of 1.00. The firm has a 50-day moving average of $47.26 and a 200-day moving average of $44.70.

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

Benchmark Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, December 31st. Benchmark Electronics’s dividend payout ratio (DPR) is presently 39.53%.

Insiders Place Their Bets

In related news, SVP Rhonda R. Turner sold 6,000 shares of Benchmark Electronics stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $46.98, for a total transaction of $281,880.00. Following the sale, the senior vice president now directly owns 47,991 shares in the company, valued at approximately $2,254,617.18. This trade represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeff Benck sold 24,000 shares of the company’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 completion of the transaction, the chief executive officer now owns 424,173 shares of the company’s stock, valued at $19,469,540.70. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,000 shares of company stock valued at $1,655,340 in the last three months. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on BHE. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Benchmark Electronics in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

Benchmark Electronics 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.