Boston Partners Makes New Investment in Cushman & Wakefield plc (NYSE:CWK)

Boston Partners acquired a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,241 shares of the company's stock, valued at approximately $618,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CWK. Smartleaf Asset Management LLC boosted its position in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after acquiring an additional 2,691 shares during the last quarter. Blue Trust Inc. boosted its holdings in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock worth $60,000 after purchasing an additional 928 shares during the last quarter. Ieq Capital LLC acquired a new position in Cushman & Wakefield during the fourth quarter worth $135,000. Jones Financial Companies Lllp grew its position in Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock valued at $146,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in Cushman & Wakefield during the 3rd quarter worth about $150,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock traded down $0.04 during mid-day trading on Wednesday, hitting $10.63. 1,055,156 shares of the company's stock traded hands, compared to its average volume of 1,943,443. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 19.32 and a beta of 1.40. The firm has a 50 day simple moving average of $12.32 and a two-hundred day simple moving average of $13.17. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.

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Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. On average, research analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CWK. Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Citigroup decreased their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, The Goldman Sachs Group dropped their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $14.10.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.