Healthcare of Ontario Pension Plan Trust Fund Takes $1.14 Million Position in Benchmark Electronics, Inc. (NYSE:BHE)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,000 shares of the technology company’s stock, valued at approximately $1,144,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of Benchmark Electronics as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BHE. Vanguard Group Inc. grew its position in shares of Benchmark Electronics by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 4,845,204 shares of the technology company’s stock valued at $145,405,000 after buying an additional 159,716 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Benchmark Electronics by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,012,717 shares of the technology company’s stock valued at $118,881,000 after acquiring an additional 12,112 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Benchmark Electronics during the 2nd quarter valued at approximately $70,424,000. First Trust Advisors LP raised its holdings in Benchmark Electronics by 36.9% during the 4th quarter. First Trust Advisors LP now owns 902,475 shares of the technology company’s stock worth $24,944,000 after purchasing an additional 243,480 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its position in shares of Benchmark Electronics by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 646,142 shares of the technology company’s stock worth $25,497,000 after purchasing an additional 1,875 shares during the period. Institutional investors own 92.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of Benchmark Electronics from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Lake Street Capital upped their target price on Benchmark Electronics from $35.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Benchmark Electronics currently has a consensus rating of “Hold” and an average target price of $41.33.

Insider Buying and Selling

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of Benchmark Electronics stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.70, for a total transaction of $302,017.10. Following the transaction, the director now owns 42,027 shares of the company’s stock, valued at $1,794,552.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.

Benchmark Electronics Stock Down 0.1 %

Shares of NYSE BHE opened at $43.67 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 2.35 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.57 billion, a PE ratio of 23.86 and a beta of 0.98. The company’s fifty day simple moving average is $42.31 and its 200 day simple moving average is $39.07. Benchmark Electronics, Inc. has a 12-month low of $22.66 and a 12-month high of $48.58.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $666.00 million for the quarter, compared to the consensus estimate of $635.75 million. Benchmark Electronics had a net margin of 2.45% and a return on equity of 7.17%. The business’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share.

Benchmark Electronics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a $0.17 dividend. This is a positive change from Benchmark Electronics’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.56%. Benchmark Electronics’s dividend payout ratio is presently 37.16%.

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.