Channing Capital Management LLC purchased a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,719,558 shares of the company's stock, valued at approximately $61,732,000. Channing Capital Management LLC owned about 2.06% of Cushman & Wakefield at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd grew its stake in Cushman & Wakefield by 4.8% during the 3rd quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock valued at $271,000 after purchasing an additional 903 shares in the last quarter. Blue Trust Inc. grew its stake in Cushman & Wakefield by 26.5% during the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after purchasing an additional 928 shares in the last quarter. Empowered Funds LLC grew its stake in Cushman & Wakefield by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company's stock valued at $153,000 after purchasing an additional 1,180 shares in the last quarter. CIBC Asset Management Inc grew its stake in Cushman & Wakefield by 10.5% during the 3rd quarter. CIBC Asset Management Inc now owns 15,013 shares of the company's stock valued at $205,000 after purchasing an additional 1,421 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Cushman & Wakefield by 1.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company's stock valued at $1,974,000 after purchasing an additional 1,769 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Cushman & Wakefield Stock Performance
Shares of NYSE CWK traded up $0.05 during mid-day trading on Tuesday, hitting $11.16. The company had a trading volume of 3,994,108 shares, compared to its average volume of 1,932,076. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 20.29 and a beta of 1.40. Cushman & Wakefield plc has a 12 month low of $9.24 and a 12 month high of $16.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The firm's 50 day simple moving average is $12.71 and its two-hundred day simple moving average is $13.35.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. As a group, equities research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
Analyst Ratings Changes
CWK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. The Goldman Sachs Group reduced their target price on Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating on the stock in a report on Friday, February 21st. Finally, Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Cushman & Wakefield has a consensus rating of "Hold" and an average price target of $15.00.
Read Our Latest Stock Analysis on CWK
Cushman & Wakefield Profile
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Free Report)
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.
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