Catalyst Capital Advisors LLC Grows Position in CDW (CDW)

Catalyst Capital Advisors LLC lifted its stake in shares of CDW (NASDAQ:CDW) by 247.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,362 shares of the information technology services provider’s stock after acquiring an additional 6,665 shares during the period. Catalyst Capital Advisors LLC’s holdings in CDW were worth $902,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CDW. Rothschild & Co. Asset Management US Inc. increased its stake in CDW by 5.2% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 230,606 shares of the information technology services provider’s stock valued at $22,224,000 after purchasing an additional 11,344 shares in the last quarter. Exencial Wealth Advisors LLC increased its stake in CDW by 14.1% during the 1st quarter. Exencial Wealth Advisors LLC now owns 4,046 shares of the information technology services provider’s stock valued at $390,000 after purchasing an additional 500 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in CDW by 3.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 237,924 shares of the information technology services provider’s stock valued at $22,862,000 after purchasing an additional 8,337 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in CDW by 108.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,928 shares of the information technology services provider’s stock valued at $957,000 after purchasing an additional 5,170 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new stake in CDW during the 1st quarter valued at $219,000. Institutional investors own 90.66% of the company’s stock.

In other news, insider Christina M. Corley sold 3,567 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $96.70, for a total value of $344,928.90. Following the completion of the sale, the insider now owns 643,052 shares in the company, valued at approximately $62,183,128.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert F. Kirby sold 1,300 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $102.86, for a total transaction of $133,718.00. Following the completion of the sale, the insider now owns 37,670 shares of the company’s stock, valued at approximately $3,874,736.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,305 shares of company stock valued at $3,107,548. Company insiders own 2.25% of the company’s stock.



NASDAQ CDW opened at $103.19 on Friday. CDW has a 1 year low of $74.32 and a 1 year high of $111.59. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.29 and a quick ratio of 1.10. The firm has a market capitalization of $15.07 billion, a PE ratio of 20.23 and a beta of 1.07.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, May 1st. The information technology services provider reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.13. CDW had a net margin of 4.03% and a return on equity of 77.94%. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. Analysts forecast that CDW will post 5.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.18 annualized dividend and a dividend yield of 1.14%. CDW’s payout ratio is 23.14%.

A number of analysts have commented on CDW shares. Northcoast Research lowered shares of CDW from a “buy” rating to a “neutral” rating in a research note on Friday, April 26th. They noted that the move was a valuation call. Stifel Nicolaus lowered shares of CDW from a “buy” rating to a “hold” rating and boosted their price target for the company from $100.00 to $105.00 in a research note on Wednesday, April 17th. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Credit Suisse Group started coverage on shares of CDW in a research note on Thursday, April 11th. They set an “outperform” rating and a $117.00 price target for the company. Finally, ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $104.83.

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About CDW

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

Further Reading: What is the Coverage Ratio?

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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