Moran Wealth Management LLC Invests $2.52 Million in Cushman & Wakefield plc (NYSE:CWK)

Moran Wealth Management LLC purchased a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 185,081 shares of the company's stock, valued at approximately $2,523,000. Moran Wealth Management LLC owned about 0.08% of Cushman & Wakefield at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock valued at $48,000 after buying an additional 2,027 shares during the period. CWM LLC boosted its holdings in Cushman & Wakefield by 61.4% during the second quarter. CWM LLC now owns 5,468 shares of the company's stock worth $57,000 after purchasing an additional 2,080 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock worth $71,000 after purchasing an additional 1,629 shares during the last quarter. Profund Advisors LLC bought a new stake in Cushman & Wakefield during the second quarter worth $105,000. Finally, KBC Group NV raised its position in Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company's stock worth $109,000 after acquiring an additional 1,915 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Stock Performance

NYSE CWK traded up $0.30 during trading on Friday, hitting $14.44. 975,293 shares of the company's stock traded hands, compared to its average volume of 2,179,948. Cushman & Wakefield plc has a 12-month low of $8.09 and a 12-month high of $16.11. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 38.81 and a beta of 1.30. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The business has a 50 day moving average of $13.52 and a 200-day moving average of $12.29.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CWK. Raymond James raised their target price on shares of 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. raised their target price 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Cushman & Wakefield currently has a consensus rating of "Hold" and an average target price of $12.80.

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.