BNP Paribas Arbitrage SA Purchases 1,621 Shares of CDW Corp. (CDW)
BNP Paribas Arbitrage SA boosted its position in CDW Corp. (NASDAQ:CDW) by 1.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 87,553 shares of the company’s stock after buying an additional 1,621 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.05% of CDW Corp. worth $4,004,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of CDW. Pacer Advisors Inc. boosted its position in shares of CDW Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 2,800 shares of the company’s stock worth $112,000 after buying an additional 2,334 shares during the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of CDW Corp. by 632.0% in the second quarter. Ropes Wealth Advisors LLC now owns 3,111 shares of the company’s stock worth $125,000 after buying an additional 2,686 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of CDW Corp. by 6.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,814 shares of the company’s stock worth $138,000 after buying an additional 242 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of CDW Corp. by 14.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,550 shares of the company’s stock worth $142,000 after buying an additional 450 shares during the last quarter. Finally, American International Group Inc. boosted its position in shares of CDW Corp. by 10.6% in the second quarter. American International Group Inc. now owns 4,011 shares of the company’s stock worth $161,000 after buying an additional 383 shares during the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.
Shares of CDW Corp. (NASDAQ:CDW) traded down 0.27% during midday trading on Monday, hitting $51.70. The company had a trading volume of 758,970 shares. CDW Corp. has a 52 week low of $30.40 and a 52 week high of $52.30. The firm’s 50 day moving average is $46.24 and its 200 day moving average is $43.94. The company has a market capitalization of $8.30 billion, a P/E ratio of 21.03 and a beta of 0.96.
CDW Corp. (NASDAQ:CDW) last posted its earnings results on Wednesday, November 2nd. The company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.07. CDW Corp. had a return on equity of 50.73% and a net margin of 2.95%. The business earned $3.71 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that CDW Corp. will post $3.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 25th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.24%. This is a boost from CDW Corp.’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, November 22nd. CDW Corp.’s payout ratio is presently 26.23%.
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A number of equities research analysts have commented on CDW shares. Raymond James Financial Inc. reiterated a “market perform” rating on shares of CDW Corp. in a research report on Tuesday, August 2nd. Deutsche Bank AG upped their price target on CDW Corp. from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. RBC Capital Markets reiterated an “outperform” rating and issued a $48.00 price target (up previously from $46.00) on shares of CDW Corp. in a research report on Thursday, August 4th. Zacks Investment Research lowered CDW Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Finally, Robert W. Baird reiterated a “hold” rating on shares of CDW Corp. in a research report on Wednesday, November 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $48.88.
In related news, insider Douglas E. Eckrote sold 80,000 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $44.04, for a total transaction of $3,523,200.00. Following the completion of the transaction, the insider now directly owns 179,089 shares in the company, valued at $7,887,079.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.
About CDW Corp.
CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.
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