Olstein Capital Management L.P. Decreases Position in Cushman & Wakefield plc (NYSE:CWK)

Olstein Capital Management L.P. lowered its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 26.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 171,000 shares of the company's stock after selling 62,000 shares during the period. Olstein Capital Management L.P. owned 0.07% of Cushman & Wakefield worth $2,331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CWK. Vanguard Group Inc. raised its holdings 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 worth $301,126,000 after acquiring an additional 1,110,076 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Cushman & Wakefield by 31.2% during the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company's stock worth $108,108,000 after acquiring an additional 2,469,831 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Cushman & Wakefield by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company's stock worth $105,802,000 after acquiring an additional 1,910,212 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Cushman & Wakefield by 12.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company's stock worth $64,571,000 after acquiring an additional 697,890 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Cushman & Wakefield by 18.8% in the 1st quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company's stock valued at $46,032,000 after buying an additional 695,005 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CWK. Raymond James boosted their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $12.80.

Cushman & Wakefield Trading Up 1.8 %

NYSE CWK traded up $0.26 during trading on Thursday, hitting $14.89. The stock had a trading volume of 1,911,606 shares, compared to its average volume of 2,228,065. The company has a market capitalization of $3.41 billion, a PE ratio of 40.22 and a beta of 1.30. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83. The firm has a 50 day moving average price of $13.16 and a 200 day moving average price of $11.95. Cushman & Wakefield plc has a twelve month low of $7.28 and a twelve month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.20% and a net margin of 0.94%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Cushman & Wakefield plc will post 0.87 earnings per share for the current year.

Cushman & Wakefield Company Profile

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.