CDW Co. (NASDAQ:CDW) Stock Position Trimmed by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. decreased its position in shares of CDW Co. (NASDAQ:CDW) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,469 shares of the information technology services provider’s stock after selling 1,808 shares during the quarter. CDW accounts for about 4.3% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 10th biggest position. Mader & Shannon Wealth Management Inc.’s holdings in CDW were worth $7,348,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Peak Financial Advisors LLC purchased a new stake in shares of CDW during the 2nd quarter worth approximately $2,854,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of CDW during the 3rd quarter worth approximately $12,761,000. Virtu Financial LLC boosted its stake in shares of CDW by 175.9% during the 1st quarter. Virtu Financial LLC now owns 7,115 shares of the information technology services provider’s stock worth $1,820,000 after acquiring an additional 4,536 shares in the last quarter. Raymond James & Associates boosted its stake in shares of CDW by 16.6% during the 2nd quarter. Raymond James & Associates now owns 139,711 shares of the information technology services provider’s stock worth $31,273,000 after acquiring an additional 19,867 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of CDW by 12.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 599,900 shares of the information technology services provider’s stock worth $135,758,000 after acquiring an additional 68,023 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Trading Up 0.4 %

Shares of CDW opened at $178.96 on Friday. The stock has a fifty day moving average of $209.49 and a two-hundred day moving average of $218.45. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. The company has a market capitalization of $23.85 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 4.97 and a beta of 1.05. CDW Co. has a fifty-two week low of $172.95 and a fifty-two week high of $263.37.

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

CDW Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CDW. Redburn Atlantic assumed coverage on CDW in a research note on Friday, November 15th. They set a “buy” rating and a $230.00 price target on the stock. Citigroup downgraded CDW from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. JPMorgan Chase & Co. downgraded CDW from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $260.00 to $235.00 in a research report on Monday, October 28th. Finally, Barclays cut their price objective on CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, CDW currently has a consensus 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.