B. Metzler seel. Sohn & Co. Holding AG Takes $16.88 Million Position in CDW Co. (NASDAQ:CDW)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of CDW Co. (NASDAQ:CDW - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 74,568 shares of the information technology services provider's stock, valued at approximately $16,875,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.06% of CDW as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC acquired a new position in CDW in the second quarter valued at approximately $34,000. Quest Partners LLC acquired a new position in CDW in the second quarter valued at approximately $35,000. Canoe Financial LP acquired a new position in CDW in the third quarter valued at approximately $37,000. Fortitude Family Office LLC lifted its holdings in CDW by 350.0% in the third quarter. Fortitude Family Office LLC now owns 171 shares of the information technology services provider's stock valued at $39,000 after acquiring an additional 133 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of CDW in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Analysts Set New Price Targets

CDW has been the subject of a number of recent analyst reports. Barclays cut their price objective on CDW from $229.00 to $201.00 and set an "equal weight" rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut CDW from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Redburn Atlantic initiated coverage on CDW in a research report on Friday. They set a "buy" rating and a $230.00 price target for the company. Finally, Citigroup cut CDW from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, CDW has an average rating of "Moderate Buy" and an average target price of $244.63.

CDW Trading Down 2.3 %

NASDAQ:CDW traded down $4.02 during trading hours on Tuesday, hitting $174.05. The company had a trading volume of 1,841,201 shares, compared to its average volume of 887,511. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. The company has a 50-day moving average of $212.76 and a 200 day moving average of $219.65. The company has a market cap of $23.19 billion, a P/E ratio of 21.77, a P/E/G ratio of 4.96 and a beta of 1.05. CDW Co. has a 1 year low of $173.37 and a 1 year high of $263.37.

CDW (NASDAQ:CDW - Get Free Report) last issued its earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.05). The company had revenue of $5.52 billion during the quarter, compared to analysts' expectations of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.60 earnings per share. Sell-side analysts expect that CDW Co. will post 9.05 earnings per share for the current year.

CDW Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $0.625 dividend. This is a boost from CDW's previous quarterly dividend of $0.62. This represents a $2.50 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, November 25th. CDW's dividend payout ratio 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.