Connor Clark & Lunn Investment Management Ltd. trimmed its stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 697,847 shares of the company's stock after selling 55,854 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.30% of Cushman & Wakefield worth $9,512,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. US Bancorp DE purchased a new position in shares of Cushman & Wakefield during the 1st quarter valued at about $569,000. ProShare Advisors LLC boosted its position in shares of Cushman & Wakefield by 7.4% in the first quarter. ProShare Advisors LLC now owns 33,539 shares of the company's stock worth $351,000 after purchasing an additional 2,303 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Cushman & Wakefield by 22.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 276,253 shares of the company's stock worth $2,839,000 after purchasing an additional 50,169 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Cushman & Wakefield by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company's stock valued at $301,126,000 after purchasing an additional 1,110,076 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Cushman & Wakefield by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,904 shares of the company's stock valued at $941,000 after buying an additional 5,982 shares in the last quarter. 95.56% of the stock is owned by institutional investors.
Cushman & Wakefield Price Performance
Cushman & Wakefield stock traded up $0.30 during mid-day trading on Friday, reaching $14.44. 975,227 shares of the company's stock traded hands, compared to its average volume of 2,179,948. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 38.81 and a beta of 1.30. Cushman & Wakefield plc has a 12-month low of $8.09 and a 12-month high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. The stock has a 50 day moving average of $13.52 and a two-hundred day moving average of $12.29.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $0.21 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts forecast that Cushman & Wakefield plc will post 0.86 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on CWK shares. Raymond James increased their price target on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.80.
View Our Latest Stock Analysis on Cushman & Wakefield
About Cushman & Wakefield
(
Free Report)
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.
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