Strs Ohio Has $5,156,000 Stake in CDW Corp. (CDW)
Strs Ohio increased its position in CDW Corp. (NASDAQ:CDW) by 4,268.4% during the second quarter, Holdings Channel reports. The firm owned 128,648 shares of the company’s stock after buying an additional 125,703 shares during the period. Strs Ohio’s holdings in CDW Corp. were worth $5,156,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in CDW. Makaira Partners LLC purchased a new stake in CDW Corp. during the first quarter worth $97,268,000. Atlanta Capital Management Co. L L C increased its position in CDW Corp. by 19.9% in the first quarter. Atlanta Capital Management Co. L L C now owns 3,941,994 shares of the company’s stock worth $163,593,000 after buying an additional 655,021 shares during the period. First Quadrant L P CA bought a new position in CDW Corp. during the second quarter worth approximately $19,647,000. Bank of Montreal Can bought a new position in CDW Corp. during the second quarter worth approximately $14,403,000. Finally, Hamilton Lane Advisors LLC bought a new position in CDW Corp. during the second quarter worth approximately $12,353,000. 90.24% of the stock is owned by hedge funds and other institutional investors.
CDW Corp. (NASDAQ:CDW) traded up 0.66% during mid-day trading on Tuesday, hitting $45.92. The stock had a trading volume of 755,157 shares. The firm has a market cap of $7.50 billion, a PE ratio of 17.83 and a beta of 0.95. CDW Corp. has a 52 week low of $30.40 and a 52 week high of $47.50. The company’s 50 day moving average price is $45.07 and its 200 day moving average price is $42.62.
CDW Corp. (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.08. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.65 billion. CDW Corp. had a return on equity of 46.02% and a net margin of 3.18%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. Analysts anticipate that CDW Corp. will post $3.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Thursday, August 25th were issued a dividend of $0.1075 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $0.43 dividend on an annualized basis and a yield of 0.94%. CDW Corp.’s dividend payout ratio (DPR) is 16.80%.
CDW has been the subject of a number of analyst reports. Deutsche Bank AG boosted their price target on CDW Corp. from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. RBC Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of CDW Corp. in a research note on Friday, September 16th. Zacks Investment Research raised CDW Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of CDW Corp. in a research note on Tuesday, August 2nd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $47.00 price target on shares of CDW Corp. in a research note on Friday, July 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. CDW Corp. currently has a consensus rating of “Buy” and an average price target of $46.09.
About CDW Corp.
CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.
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