Amalgamated Bank Grows Stock Position in CDW Co. (NASDAQ:CDW)

Amalgamated Bank boosted its stake in shares of CDW Co. (NASDAQ:CDWGet Rating) by 4.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 36,076 shares of the information technology services provider’s stock after buying an additional 1,427 shares during the period. Amalgamated Bank’s holdings in CDW were worth $6,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CDW. CWM LLC grew its position in CDW by 42.5% in the 1st quarter. CWM LLC now owns 4,074 shares of the information technology services provider’s stock valued at $729,000 after acquiring an additional 1,215 shares during the last quarter. Mutual of America Capital Management LLC grew its position in CDW by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 18,116 shares of the information technology services provider’s stock valued at $3,241,000 after acquiring an additional 191 shares during the last quarter. Rothschild & Co. Asset Management US Inc. grew its position in shares of CDW by 2.6% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 26,570 shares of the information technology services provider’s stock worth $4,753,000 after buying an additional 684 shares in the last quarter. Boston Private Wealth LLC grew its position in shares of CDW by 5.3% during the 4th quarter. Boston Private Wealth LLC now owns 132,279 shares of the information technology services provider’s stock worth $27,088,000 after buying an additional 6,641 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of CDW during the 1st quarter worth $56,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CDW Trading Up 0.7 %

CDW stock opened at $170.83 on Monday. The stock has a 50-day moving average of $174.53 and a two-hundred day moving average of $170.85. The company has a debt-to-equity ratio of 5.86, a quick ratio of 1.11 and a current ratio of 1.30. CDW Co. has a one year low of $152.15 and a one year high of $208.71. The stock has a market cap of $23.08 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.41 and a beta of 1.13.

CDW (NASDAQ:CDWGet Rating) last released its quarterly earnings results on Wednesday, August 3rd. The information technology services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.05. CDW had a return on equity of 132.68% and a net margin of 4.41%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.15 billion. During the same period last year, the business posted $1.92 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. On average, research analysts anticipate that CDW Co. will post 9.22 EPS for the current fiscal year.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 25th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, August 24th. CDW’s dividend payout ratio (DPR) is 27.21%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CDW. Evercore ISI dropped their price target on CDW from $250.00 to $210.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 28th. JPMorgan Chase & Co. raised CDW from a “neutral” rating to an “overweight” rating and set a $200.00 price target on the stock in a research report on Thursday, July 14th. StockNews.com downgraded CDW from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. Finally, Credit Suisse Group initiated coverage on CDW in a research report on Tuesday, August 16th. They set an “outperform” rating and a $202.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.00.

CDW Profile

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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, hybrid, and cloud capabilities across data center and networking, digital workspace, and security.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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