Benchmark Electronics, Inc. (BHE) Stake Increased by Schroder Investment Management Group
Schroder Investment Management Group increased its position in Benchmark Electronics, Inc. (NYSE:BHE) by 276.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,558 shares of the technology company’s stock after buying an additional 9,958 shares during the period. Schroder Investment Management Group’s holdings in Benchmark Electronics were worth $434,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Benchmark Electronics during the fourth quarter worth $10,446,000. State Board of Administration of Florida Retirement System raised its position in shares of Benchmark Electronics by 12.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 61,022 shares of the technology company’s stock worth $1,861,000 after buying an additional 6,787 shares during the last quarter. Comerica Bank raised its position in shares of Benchmark Electronics by 5.7% in the fourth quarter. Comerica Bank now owns 52,404 shares of the technology company’s stock worth $1,614,000 after buying an additional 2,848 shares during the last quarter. State Street Corp raised its position in shares of Benchmark Electronics by 7.1% in the fourth quarter. State Street Corp now owns 1,334,365 shares of the technology company’s stock worth $40,698,000 after buying an additional 88,115 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Benchmark Electronics by 199.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,901 shares of the technology company’s stock worth $607,000 after buying an additional 13,259 shares during the last quarter. 97.41% of the stock is owned by hedge funds and other institutional investors.
Benchmark Electronics, Inc. (BHE) opened at 33.20 on Friday. The stock’s 50 day moving average is $32.47 and its 200-day moving average is $31.34. Benchmark Electronics, Inc. has a 1-year low of $20.09 and a 1-year high of $34.45. The firm has a market capitalization of $1.65 billion, a P/E ratio of 26.35 and a beta of 0.51.
Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, April 19th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $566.50 million during the quarter, compared to the consensus estimate of $540.50 million. Benchmark Electronics had a net margin of 2.69% and a return on equity of 5.38%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Analysts forecast that Benchmark Electronics, Inc. will post $1.47 EPS for the current year.
Separately, BidaskClub lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $27.50.
In other news, insider Jon J. King sold 24,627 shares of the business’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $31.40, for a total transaction of $773,287.80. Following the completion of the sale, the insider now directly owns 51,848 shares of the company’s stock, valued at $1,628,027.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.
About Benchmark Electronics
Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.
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