Makaira Partners LLC Sells 1,762 Shares of CDW Co. (NASDAQ:CDW)

Makaira Partners LLC decreased its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 382,798 shares of the information technology services provider's stock after selling 1,762 shares during the quarter. CDW makes up about 9.2% of Makaira Partners LLC's holdings, making the stock its 5th largest position. Makaira Partners LLC owned 0.29% of CDW worth $66,622,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of CDW by 39.7% during the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after buying an additional 52 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of CDW in the fourth quarter valued at about $32,000. Parkside Financial Bank & Trust boosted its holdings in shares of CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 58 shares in the last quarter. Canoe Financial LP boosted its holdings in CDW by 68.3% during the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock worth $48,000 after buying an additional 112 shares in the last quarter. Finally, Quarry LP acquired a new position in CDW during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

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

CDW Price Performance

CDW traded up $1.84 during trading on Thursday, reaching $162.40. The stock had a trading volume of 1,440,819 shares, compared to its average volume of 1,179,242. The firm has a market capitalization of $21.40 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 2.38. CDW Co. has a 1-year low of $137.31 and a 1-year high of $241.26. The stock has a 50 day moving average of $162.26 and a two-hundred day moving average of $180.09.

CDW (NASDAQ:CDW - Get Free Report) last released its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts anticipate that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.54%. CDW's dividend payout ratio is currently 31.37%.

CDW declared that its board has initiated a stock buyback plan on Wednesday, February 5th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

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.