Federated Hermes Inc. Has $5.07 Million Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Federated Hermes Inc. increased its stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 387,293 shares of the company's stock after purchasing an additional 42,362 shares during the quarter. Federated Hermes Inc. owned approximately 0.17% of Cushman & Wakefield worth $5,066,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CWK. State Street Corp boosted its stake in shares of Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company's stock valued at $115,359,000 after buying an additional 756,966 shares during the period. Wolverine Trading LLC purchased a new stake in shares of Cushman & Wakefield during the third quarter worth $165,000. XTX Topco Ltd boosted its position in Cushman & Wakefield by 4.8% during the third quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock valued at $271,000 after purchasing an additional 903 shares during the last quarter. Barclays PLC grew its stake in Cushman & Wakefield by 322.6% in the third quarter. Barclays PLC now owns 394,327 shares of the company's stock valued at $5,374,000 after purchasing an additional 301,017 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock worth $77,656,000 after purchasing an additional 395,652 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup reduced their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. The Goldman Sachs Group decreased their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday, March 19th. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and cut their price target for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. UBS Group decreased their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. cut their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.75.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK traded down $0.05 during trading hours on Tuesday, hitting $8.23. 3,057,536 shares of the stock were exchanged, compared to its average volume of 2,079,324. Cushman & Wakefield plc has a one year low of $7.64 and a one year high of $16.11. The company's 50 day moving average is $10.94 and its 200 day moving average is $12.71. 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 has a market capitalization of $1.89 billion, a P/E ratio of 14.95 and a beta of 1.26.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The company had revenue of $2.63 billion during the quarter, compared to analysts' expectations 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 year.

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.