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

Olstein Capital Management L.P. decreased its holdings in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,000 shares of the company's stock after selling 23,000 shares during the period. Olstein Capital Management L.P. owned 0.06% of Cushman & Wakefield worth $1,936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. XTX Topco Ltd grew its stake in Cushman & Wakefield by 4.8% in the 3rd quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock valued at $271,000 after buying an additional 903 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Cushman & Wakefield by 11.7% in the third quarter. Empowered Funds LLC now owns 11,230 shares of the company's stock worth $153,000 after acquiring an additional 1,180 shares during the period. CIBC Asset Management Inc grew its position in shares of Cushman & Wakefield by 10.5% in the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company's stock valued at $205,000 after purchasing an additional 1,421 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Cushman & Wakefield by 6.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company's stock valued at $334,000 after purchasing an additional 1,500 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock worth $71,000 after purchasing an additional 1,629 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

Shares of NYSE:CWK traded up $0.08 on Friday, hitting $13.53. The company's stock had a trading volume of 1,360,742 shares, compared to its average volume of 1,101,135. Cushman & Wakefield plc has a 1 year low of $9.24 and a 1 year high of $16.11. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $3.10 billion, a PE ratio of 36.55 and a beta of 1.34. The company has a 50-day simple moving average of $13.81 and a 200 day simple moving average of $13.34.

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. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the firm posted $0.21 earnings per share. Cushman & Wakefield's quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Cushman & Wakefield plc will post 0.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group initiated coverage on Cushman & Wakefield in a report on Friday, December 6th. They set a "sell" rating and a $15.00 target price for the company. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their price objective for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.50.

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.