Connor Clark & Lunn Investment Management Ltd. Sells 30,641 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Connor Clark & Lunn Investment Management Ltd. cut its position in Benchmark Electronics, Inc. (NYSE:BHE) by 70.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,835 shares of the technology company’s stock after selling 30,641 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Benchmark Electronics were worth $583,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust bought a new position in Benchmark Electronics in the 4th quarter valued at about $50,000. KBC Group NV increased its holdings in Benchmark Electronics by 125.3% in the 3rd quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock worth $68,000 after purchasing an additional 853 shares in the last quarter. GAMMA Investing LLC raised its holdings in Benchmark Electronics by 12.9% in the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock valued at $116,000 after buying an additional 292 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Benchmark Electronics in the third quarter worth $238,000. Finally, Highland Capital Management LLC lifted its stake in shares of Benchmark Electronics by 6.4% in the fourth quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company’s stock worth $255,000 after acquiring an additional 337 shares during the period. Institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Price Performance

Benchmark Electronics stock opened at $40.21 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 23.25 and a beta of 0.97. Benchmark Electronics, Inc. has a 12 month low of $28.64 and a 12 month high of $52.57. The business’s 50 day simple moving average is $42.16 and its 200 day simple moving average is $44.39.

Benchmark Electronics (NYSE:BHE) last issued 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.69%. Benchmark Electronics’s dividend payout ratio (DPR) is currently 39.31%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BHE. Needham & Company LLC raised their price target on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Benchmark Electronics presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Insider Buying and Selling at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total transaction of $232,920.00. Following the transaction, the chief executive officer now owns 448,180 shares in the company, valued at $17,398,347.60. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

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.