Parkside Financial Bank & Trust Takes Position in Benchmark Electronics, Inc. (NYSE:BHE)

Parkside Financial Bank & Trust acquired a new stake in Benchmark Electronics, Inc. (NYSE:BHE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,098 shares of the technology company’s stock, valued at approximately $50,000.

Other large investors have also bought and sold shares of the company. Raymond James & Associates boosted its stake in Benchmark Electronics by 6.4% in the 3rd quarter. Raymond James & Associates now owns 71,251 shares of the technology company’s stock worth $3,158,000 after purchasing an additional 4,291 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Benchmark Electronics by 3.7% in the third quarter. Principal Financial Group Inc. now owns 184,332 shares of the technology company’s stock valued at $8,170,000 after purchasing an additional 6,561 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Benchmark Electronics by 16.8% during the third quarter. Crossmark Global Holdings Inc. now owns 8,329 shares of the technology company’s stock worth $369,000 after buying an additional 1,195 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Benchmark Electronics by 8.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 46,805 shares of the technology company’s stock worth $2,074,000 after buying an additional 3,683 shares in the last quarter. Finally, Versor Investments LP grew its holdings in shares of Benchmark Electronics by 2.2% during the third quarter. Versor Investments LP now owns 14,115 shares of the technology company’s stock worth $626,000 after buying an additional 300 shares in the last quarter. 92.29% of the stock is owned by institutional investors.

Insider Transactions at Benchmark Electronics

In other news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $45.31, for a total transaction of $271,860.00. Following the completion of the transaction, the chief executive officer now directly owns 418,173 shares in the company, valued at approximately $18,947,418.63. The trade was a 1.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on BHE. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Needham & Company LLC boosted their price objective on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.00.

Benchmark Electronics Stock Performance

BHE opened at $37.61 on Tuesday. The business’s 50-day simple moving average is $44.05 and its 200 day simple moving average is $44.69. Benchmark Electronics, Inc. has a 52-week low of $27.44 and a 52-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. The firm has a market capitalization of $1.35 billion, a PE ratio of 21.74 and a beta of 0.99.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%.

Benchmark Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, December 31st. Benchmark Electronics’s dividend payout ratio (DPR) is presently 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.