Aaron Wealth Advisors LLC Has $396,000 Holdings in CDW Co. (NASDAQ:CDW)

Aaron Wealth Advisors LLC increased its position in CDW Co. (NASDAQ:CDW) by 20.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,752 shares of the information technology services provider’s stock after purchasing an additional 293 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in CDW were worth $396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC grew its holdings in CDW by 23.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,074 shares of the information technology services provider’s stock worth $243,000 after acquiring an additional 202 shares during the last quarter. Professional Advisory Services Inc. grew its holdings in CDW by 4.2% during the 3rd quarter. Professional Advisory Services Inc. now owns 112,814 shares of the information technology services provider’s stock worth $25,530,000 after acquiring an additional 4,565 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in CDW by 0.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,620 shares of the information technology services provider’s stock valued at $3,309,000 after purchasing an additional 126 shares during the last quarter. Drake & Associates LLC lifted its stake in CDW by 17.8% in the third quarter. Drake & Associates LLC now owns 2,563 shares of the information technology services provider’s stock valued at $580,000 after buying an additional 387 shares during the period. Finally, Bleakley Financial Group LLC raised its position in shares of CDW by 4.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,049 shares of the information technology services provider’s stock valued at $690,000 after acquiring an additional 140 shares during the period. 93.15% of the stock is owned by institutional investors.

Insider Transactions at CDW

In other CDW news, insider Christine A. Leahy acquired 1,200 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the acquisition, the insider now directly owns 102,200 shares in the company, valued at $22,090,530. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CDW. Barclays lowered their target price on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Citigroup lowered shares of CDW from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $250.00 to $245.00 in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their price objective on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.00.

CDW Stock Down 1.3 %

Shares of CDW opened at $218.31 on Friday. The stock has a market capitalization of $29.34 billion, a PE ratio of 27.25, a P/E/G ratio of 3.42 and a beta of 1.03. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The firm’s 50 day moving average is $221.37 and its 200-day moving average is $226.38. CDW Co. has a 12 month low of $185.04 and a 12 month high of $263.37.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.05). The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.43 EPS. Equities research analysts forecast that CDW Co. will post 9.4 EPS for the current year.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a $0.62 dividend. The ex-dividend date was Monday, August 26th. This represents a $2.48 annualized dividend and a yield of 1.14%. CDW’s dividend payout ratio is presently 30.96%.

About CDW

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.