33,994 Shares in CDW Co. (NASDAQ:CDW) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new position in shares of CDW Co. (NASDAQ:CDW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,994 shares of the information technology services provider's stock, valued at approximately $5,916,000.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in shares of CDW by 39.7% during the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after purchasing an additional 52 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of CDW by 1.4% during the 4th quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider's stock valued at $703,000 after purchasing an additional 56 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after buying an additional 58 shares during the period. Fulcrum Equity Management lifted its holdings in CDW by 4.3% in the third quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider's stock worth $326,000 after buying an additional 60 shares during the period. Finally, Jacobi Capital Management LLC lifted its stake in shares of CDW by 4.5% in the 4th quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock valued at $248,000 after purchasing an additional 61 shares during the period. 93.15% of the stock is owned by institutional investors.

CDW Stock Up 2.4 %

NASDAQ CDW traded up $3.98 during midday trading on Friday, hitting $166.38. 830,931 shares of the company traded hands, compared to its average volume of 1,178,056. The company's 50-day simple moving average is $161.77 and its 200-day simple moving average is $179.67. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24. The company has a market cap of $21.92 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. CDW Co. has a 52 week low of $137.31 and a 52 week high of $241.26.

CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. As a group, equities research analysts forecast that CDW Co. will post 9.41 earnings per share for the current year.

CDW declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 5th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, February 25th. CDW's dividend payout ratio is presently 31.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CDW. UBS Group reduced their price objective on CDW from $233.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley increased their price objective on shares of CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Barclays boosted their price target on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on shares of CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Citigroup cut their price objective on CDW from $220.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $217.38.

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.