Vanguard Group Inc. decreased its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,943,107 shares of the company's stock after selling 426,685 shares during the period. Vanguard Group Inc. owned 16.10% of Cushman & Wakefield worth $483,216,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of Cushman & Wakefield by 92.6% during the 3rd quarter. Citigroup Inc. now owns 310,383 shares of the company's stock worth $4,231,000 after purchasing an additional 149,213 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Cushman & Wakefield by 549.6% during the third quarter. Quantbot Technologies LP now owns 30,701 shares of the company's stock worth $418,000 after buying an additional 25,975 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Cushman & Wakefield by 45.7% in the third quarter. BNP Paribas Financial Markets now owns 97,942 shares of the company's stock valued at $1,335,000 after acquiring an additional 30,707 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cushman & Wakefield by 11.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,471 shares of the company's stock valued at $703,000 after acquiring an additional 5,141 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cushman & Wakefield by 737.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company's stock worth $27,023,000 after acquiring an additional 1,745,986 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently commented on CWK shares. Citigroup cut their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. The Goldman Sachs Group reduced 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 note on Wednesday, March 19th. JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group cut 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.10.
Read Our Latest Stock Report on CWK
Cushman & Wakefield Price Performance
Shares of Cushman & Wakefield stock traded down $0.46 during trading on Friday, hitting $8.99. 1,962,909 shares of the company's stock traded hands, compared to its average volume of 2,015,504. The company has a market cap of $2.06 billion, a PE ratio of 16.34 and a beta of 1.26. The firm's fifty day moving average price is $11.80 and its 200 day moving average price is $13.01. Cushman & Wakefield plc has a twelve month low of $8.48 and a twelve month high of $16.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. Analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
About Cushman & Wakefield
(
Free Report)
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.
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