Hengehold Capital Management LLC Buys 133 Shares of CDW Co. (NASDAQ:CDW)

Hengehold Capital Management LLC grew its stake in CDW Co. (NASDAQ:CDW) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,328 shares of the information technology services provider’s stock after acquiring an additional 133 shares during the period. Hengehold Capital Management LLC’s holdings in CDW were worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CDW. Janney Montgomery Scott LLC lifted its stake in CDW by 0.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 38,893 shares of the information technology services provider’s stock worth $6,769,000 after acquiring an additional 348 shares during the period. Atomi Financial Group Inc. lifted its position in shares of CDW by 9.5% in the 4th quarter. Atomi Financial Group Inc. now owns 1,370 shares of the information technology services provider’s stock worth $238,000 after purchasing an additional 119 shares during the period. Perpetual Ltd boosted its stake in shares of CDW by 14.6% during the fourth quarter. Perpetual Ltd now owns 801,516 shares of the information technology services provider’s stock valued at $139,496,000 after purchasing an additional 102,004 shares in the last quarter. Atwood & Palmer Inc. increased its holdings in CDW by 0.4% during the fourth quarter. Atwood & Palmer Inc. now owns 157,303 shares of the information technology services provider’s stock valued at $27,377,000 after buying an additional 559 shares during the period. Finally, UMB Bank n.a. raised its stake in CDW by 8.0% in the fourth quarter. UMB Bank n.a. now owns 2,065 shares of the information technology services provider’s stock worth $359,000 after buying an additional 153 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Stock Down 1.2 %

CDW stock opened at $195.13 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 2.39. CDW Co. has a 52 week low of $168.43 and a 52 week high of $263.37. The stock has a market capitalization of $26.00 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 5.26 and a beta of 1.01. The firm has a 50 day moving average of $179.79 and a 200 day moving average of $204.53.

CDW (NASDAQ:CDW) last released 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). CDW had a net margin of 5.33% and a return on equity of 58.31%. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the company earned $2.60 earnings per share. CDW’s revenue was down 2.0% on a year-over-year basis. Sell-side analysts forecast that CDW Co. will post 8.99 earnings per share for the current year.

CDW Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Monday, November 25th. This is a positive change from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a yield of 1.28%. CDW’s dividend payout ratio (DPR) is currently 30.56%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut CDW from an “overweight” rating to a “neutral” rating and dropped their target price 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, November 15th. They set a “buy” rating and a $230.00 price objective on the stock. Barclays reduced their target price on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Morgan Stanley raised their price target on shares of CDW from $190.00 to $193.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Finally, UBS Group decreased their target price on shares of CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Four 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.33.

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.