Transatlantique Private Wealth LLC Sells 86 Shares of CDW Co. (NASDAQ:CDW)

Transatlantique Private Wealth LLC cut its position in CDW Co. (NASDAQ:CDW) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,333 shares of the information technology services provider’s stock after selling 86 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in CDW were worth $746,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC bought a new stake in CDW in the 1st quarter valued at $26,000. Rise Advisors LLC acquired a new stake in shares of CDW during the 1st quarter worth about $34,000. ORG Partners LLC bought a new stake in shares of CDW during the 2nd quarter worth about $34,000. Quest Partners LLC bought a new stake in shares of CDW during the 2nd quarter worth about $35,000. Finally, Summit Securities Group LLC bought a new position in CDW in the 2nd quarter valued at about $40,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Performance

CDW opened at $225.30 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.13. CDW Co. has a 52-week low of $185.04 and a 52-week high of $263.37. The firm has a market cap of $30.28 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 3.27 and a beta of 1.04. The business’s fifty day moving average is $222.12 and its 200-day moving average is $230.08.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.05). CDW had a net margin of 5.29% and a return on equity of 62.22%. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the prior year, the business earned $2.43 earnings per share. CDW’s quarterly revenue was down 3.6% compared to the same quarter last year. Sell-side analysts expect that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, August 26th. CDW’s dividend payout ratio is presently 30.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CDW shares. Northcoast Research raised CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price on the stock in a research report on Friday, June 7th. Barclays decreased their price objective on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Finally, Stifel Nicolaus increased their price objective on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.63.

Insider Activity

In related news, insider Sona Chawla sold 18,437 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the completion of the sale, the insider now directly owns 22,428 shares in the company, valued at approximately $5,392,812.60. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Sona Chawla sold 18,437 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total value of $4,433,176.65. Following the completion of the transaction, the insider now owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christine A. Leahy bought 1,200 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was bought at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the transaction, the insider now directly owns 102,200 shares of the company’s stock, valued at $22,090,530. The disclosure for this purchase can be found here. Corporate insiders own 0.90% of the company’s stock.

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.