B. Metzler seel. Sohn & Co. Holding AG Invests $16.88 Million in CDW Co. (NASDAQ:CDW)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in CDW Co. (NASDAQ:CDW) during the 3rd quarter, HoldingsChannel reports. The firm bought 74,568 shares of the information technology services provider’s stock, valued at approximately $16,875,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CDW. Perpetual Ltd acquired a new position in CDW in the third quarter valued at $158,300,000. Lazard Asset Management LLC lifted its holdings in CDW by 225.9% in the first quarter. Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider’s stock valued at $225,491,000 after buying an additional 611,054 shares during the period. Ceredex Value Advisors LLC acquired a new position in CDW in the second quarter valued at $79,549,000. Canada Pension Plan Investment Board lifted its holdings in CDW by 2,045.4% in the second quarter. Canada Pension Plan Investment Board now owns 294,302 shares of the information technology services provider’s stock valued at $65,877,000 after buying an additional 280,584 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in CDW by 46.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 620,190 shares of the information technology services provider’s stock valued at $158,634,000 after buying an additional 195,951 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Trading Up 0.2 %

NASDAQ:CDW opened at $178.07 on Tuesday. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.40 and a quick ratio of 1.28. The firm has a 50-day moving average of $212.76 and a 200-day moving average of $219.65. The company has a market cap of $23.73 billion, a PE ratio of 21.77, a PEG ratio of 4.96 and a beta of 1.05. CDW Co. has a one year low of $175.94 and a one year high of $263.37.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.05). The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.72 billion. CDW had a return on equity of 58.31% and a net margin of 5.33%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.60 earnings per share. As a group, equities research analysts expect that CDW Co. will post 9.05 EPS for the current fiscal year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.40%. This is an increase from CDW’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, November 25th. CDW’s dividend payout ratio is presently 30.32%.

Wall Street Analyst Weigh In

CDW has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered shares of CDW from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $260.00 to $235.00 in a report on Monday, October 28th. Citigroup downgraded shares of CDW from a “buy” rating to a “neutral” rating and decreased their price target for the company from $250.00 to $245.00 in a research note on Tuesday, October 1st. Redburn Atlantic started coverage on shares of CDW in a research note on Friday. They issued a “buy” rating and a $230.00 price target for the company. Finally, Barclays decreased their price target on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $244.63.

CDW Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.