Chartwell Investment Partners LLC Lowers Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Chartwell Investment Partners LLC lowered its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 973,313 shares of the company's stock after selling 97,432 shares during the quarter. Chartwell Investment Partners LLC owned 0.42% of Cushman & Wakefield worth $13,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock valued at $48,000 after acquiring an additional 2,027 shares during the period. CWM LLC increased its holdings in shares of Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company's stock worth $57,000 after buying an additional 2,080 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock valued at $71,000 after buying an additional 1,629 shares during the period. Profund Advisors LLC purchased a new position in Cushman & Wakefield in the second quarter worth approximately $105,000. Finally, nVerses Capital LLC acquired a new stake in Cushman & Wakefield during the second quarter worth $116,000. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Stock Up 0.9 %

CWK stock traded up $0.13 during mid-day trading on Monday, hitting $15.05. The stock had a trading volume of 512,614 shares, compared to its average volume of 2,215,746. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 40.73 and a beta of 1.30. The company has a fifty day moving average of $13.24 and a 200 day moving average of $12.04. Cushman & Wakefield plc has a 1-year low of $7.28 and a 1-year high of $16.11. The company has a current ratio of 1.18, a quick ratio of 1.21 and a debt-to-equity ratio of 1.76.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.21 earnings per share. The company's quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Cushman & Wakefield plc will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CWK shares. JPMorgan Chase & Co. lifted their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. Raymond James raised their price target on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.80.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.