1,628,898 CDW Corporation $CDW Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of CDW Corporation (NASDAQ:CDW) by 9,978.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,645,222 shares of the information technology services provider’s stock after acquiring an additional 1,628,898 shares during the period. Robeco Institutional Asset Management B.V. owned 1.32% of CDW worth $210,852,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of CDW during the 2nd quarter worth approximately $2,143,082,000. Pzena Investment Management LLC purchased a new stake in shares of CDW in the second quarter valued at approximately $371,135,000. Jupiter Topco LLC acquired a new stake in shares of CDW in the second quarter valued at approximately $300,073,000. Alyeska Investment Group L.P. increased its holdings in shares of CDW by 197.1% in the second quarter. Alyeska Investment Group L.P. now owns 1,854,952 shares of the information technology services provider’s stock valued at $260,880,000 after purchasing an additional 1,230,517 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of CDW in the second quarter valued at approximately $255,058,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Stock Performance

CDW stock opened at $154.99 on Wednesday. The firm has a 50 day simple moving average of $143.43 and a 200-day simple moving average of $134.35. The stock has a market cap of $19.38 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 2.00 and a beta of 0.95. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $161.10.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.11. The firm had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $6.21 billion. CDW had a return on equity of 50.61% and a net margin of 4.60%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 earnings per share. On average, analysts expect that CDW Corporation will post 10.33 EPS for the current year.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were given a $0.63 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. CDW’s payout ratio is currently 30.29%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CDW. Barclays lowered their price objective on CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Monday, September 21st. Citigroup lifted their price target on CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Morgan Stanley lifted their price target on CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CDW currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.12.

Insider Buying and Selling

In other news, insider Elizabeth Connelly sold 26,695 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $137.62, for a total value of $3,673,765.90. Following the transaction, the insider owned 34,215 shares of the company’s stock, valued at $4,708,668.30. This represents a 43.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.82% of the stock is owned by corporate insiders.

CDW Company Profile

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.