Impax Asset Management Group plc Has $7.62 Million Holdings in CDW Co. (NASDAQ:CDW)

Impax Asset Management Group plc lifted its holdings in CDW Co. (NASDAQ:CDW) by 6.0% during the third quarter, HoldingsChannel.com reports. The firm owned 33,653 shares of the information technology services provider’s stock after purchasing an additional 1,902 shares during the period. Impax Asset Management Group plc’s holdings in CDW were worth $7,616,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in CDW by 211.5% during the 1st quarter. Acadian Asset Management LLC now owns 44,205 shares of the information technology services provider’s stock worth $11,302,000 after buying an additional 30,012 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in CDW during the first quarter worth about $2,461,000. Meeder Asset Management Inc. boosted its position in CDW by 33,447.6% during the first quarter. Meeder Asset Management Inc. now owns 7,045 shares of the information technology services provider’s stock valued at $1,802,000 after purchasing an additional 7,024 shares during the last quarter. Peak Financial Advisors LLC bought a new position in CDW in the second quarter valued at approximately $2,854,000. Finally, M&G Plc acquired a new position in shares of CDW during the 1st quarter worth approximately $8,528,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

CDW has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. downgraded shares of CDW from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Citigroup cut shares of CDW from a “buy” rating to a “neutral” rating and dropped their target price for the company from $250.00 to $245.00 in a report on Tuesday, October 1st. Finally, Barclays reduced their price target on CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, CDW presently has a consensus rating of “Hold” and a consensus target price of $246.71.

CDW Stock Performance

Shares of CDW stock opened at $192.99 on Wednesday. CDW Co. has a 52 week low of $187.73 and a 52 week high of $263.37. The company has a market capitalization of $25.72 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 5.07 and a beta of 1.05. The company has a 50-day simple moving average of $217.85 and a 200 day simple moving average of $222.52. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.05). The firm had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.72 billion. CDW had a return on equity of 58.31% and a net margin of 5.33%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.60 EPS. On average, sell-side analysts predict that CDW Co. will post 9.38 earnings per share for the current year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $0.625 per share. This is a boost from CDW’s previous quarterly dividend of $0.62. The ex-dividend date is Monday, November 25th. This represents a $2.50 annualized dividend and a yield of 1.30%. CDW’s dividend payout ratio (DPR) is presently 30.32%.

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.