CDW Co. (NASDAQ:CDW) Shares Sold by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. lessened its stake in CDW Co. (NASDAQ:CDW) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,974 shares of the information technology services provider’s stock after selling 495 shares during the quarter. CDW comprises approximately 3.4% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 11th biggest holding. Mader & Shannon Wealth Management Inc.’s holdings in CDW were worth $5,565,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CDW. Massachusetts Financial Services Co. MA acquired a new position in shares of CDW in the 3rd quarter valued at $416,111,000. Janus Henderson Group PLC lifted its holdings in shares of CDW by 7,029.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider’s stock valued at $331,891,000 after acquiring an additional 1,446,025 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of CDW during the 3rd quarter valued at $172,217,000. Assenagon Asset Management S.A. lifted its holdings in shares of CDW by 7,549.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider’s stock valued at $44,601,000 after acquiring an additional 252,921 shares in the last quarter. Finally, Unigestion Holding SA lifted its holdings in shares of CDW by 917.4% during the 3rd quarter. Unigestion Holding SA now owns 172,469 shares of the information technology services provider’s stock valued at $39,021,000 after acquiring an additional 155,517 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Price Performance

CDW opened at $194.50 on Thursday. The company has a 50-day moving average of $185.64 and a 200-day moving average of $200.28. The company has a market capitalization of $25.92 billion, a P/E ratio of 24.40, a PEG ratio of 3.16 and a beta of 1.01. CDW Co. has a 1-year low of $168.43 and a 1-year high of $263.37. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.07. CDW had a net margin of 5.13% and a return on equity of 55.42%. Equities analysts expect that CDW Co. will post 9.41 EPS for the current fiscal year.

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

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, February 25th. CDW’s dividend payout ratio is presently 31.37%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of CDW in a report on Friday, November 15th. They set a “buy” rating and a $230.00 target price on the stock. JPMorgan Chase & Co. lowered shares of CDW from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $260.00 to $235.00 in a report on Monday, October 28th. Barclays lifted their target price on shares of CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Morgan Stanley boosted their price objective on shares of CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, UBS Group cut their price objective on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $242.67.

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.