Robeco Institutional Asset Management B.V. Purchases 5,641 Shares of CDW Corporation (NASDAQ:CDW)

Robeco Institutional Asset Management B.V. lifted its position in CDW Corporation (NASDAQ:CDW - Free Report) by 30.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,112 shares of the information technology services provider's stock after buying an additional 5,641 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in CDW were worth $3,864,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in CDW in the 4th quarter worth about $30,000. OFI Invest Asset Management purchased a new position in shares of CDW during the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust lifted its position in 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 purchasing an additional 58 shares during the period. Optiver Holding B.V. boosted its holdings in CDW by 107.2% in the fourth quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 119 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in CDW by 237.2% in the first quarter. Golden State Wealth Management LLC now owns 263 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling

In other CDW news, insider Frederick J. Kulevich sold 28,159 shares of CDW stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $190.90, for a total value of $5,375,553.10. Following the sale, the insider directly owned 36,077 shares in the company, valued at approximately $6,887,099.30. The trade was a 43.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christine A. Leahy sold 40,917 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $181.42, for a total transaction of $7,423,162.14. Following the transaction, the insider directly owned 144,931 shares of the company's stock, valued at $26,293,382.02. This trade represents a 22.02% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.

CDW Stock Performance

Shares of NASDAQ CDW traded down $0.79 during trading on Friday, hitting $182.06. The company had a trading volume of 494,454 shares, compared to its average volume of 1,240,447. CDW Corporation has a 12 month low of $137.31 and a 12 month high of $241.26. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.20 and a current ratio of 1.32. The firm has a market capitalization of $23.97 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 3.07 and a beta of 0.93. The stock has a 50 day simple moving average of $177.29 and a 200 day simple moving average of $175.53.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.19. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $4.93 billion. CDW had a net margin of 5.10% and a return on equity of 54.90%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 earnings per share. As a group, analysts anticipate that CDW Corporation will post 9.41 earnings per share for the current year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th were paid a $0.625 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.50 annualized dividend and a yield of 1.37%. CDW's payout ratio is 30.98%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CDW. UBS Group lowered their price target on CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays lowered their target price on CDW from $223.00 to $205.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on 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 increased their price objective on shares of CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $208.71.

CDW Company 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.