Vanguard Group Inc. Boosts Holdings in Cushman & Wakefield PLC (NYSE:CWK)

Vanguard Group Inc. boosted its position in Cushman & Wakefield PLC (NYSE:CWK) by 78.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,954,653 shares of the company’s stock after buying an additional 5,708,593 shares during the period. Vanguard Group Inc. owned approximately 5.97% of Cushman & Wakefield worth $231,628,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Holocene Advisors LP acquired a new stake in Cushman & Wakefield in the second quarter valued at $432,000. BlackRock Inc. lifted its holdings in Cushman & Wakefield by 61.5% in the second quarter. BlackRock Inc. now owns 5,130,843 shares of the company’s stock valued at $91,739,000 after acquiring an additional 1,954,155 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Cushman & Wakefield by 58.6% in the second quarter. Parametric Portfolio Associates LLC now owns 44,168 shares of the company’s stock valued at $790,000 after acquiring an additional 16,325 shares during the period. Northern Trust Corp lifted its holdings in Cushman & Wakefield by 8.0% in the second quarter. Northern Trust Corp now owns 767,878 shares of the company’s stock valued at $13,728,000 after acquiring an additional 57,110 shares during the period. Finally, Natixis Advisors L.P. acquired a new stake in Cushman & Wakefield in the second quarter valued at $3,101,000. Hedge funds and other institutional investors own 44.70% of the company’s stock.

In other news, insider Duncan Palmer sold 3,599 shares of Cushman & Wakefield stock in a transaction on Monday, September 16th. The stock was sold at an average price of $18.82, for a total transaction of $67,733.18. Insiders own 0.85% of the company’s stock.

A number of equities research analysts have commented on CWK shares. Compass Point began coverage on Cushman & Wakefield in a report on Wednesday, July 10th. They issued a “neutral” rating for the company. Zacks Investment Research raised Cushman & Wakefield from a “sell” rating to a “hold” rating in a research note on Monday, September 16th. ValuEngine downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Finally, JPMorgan Chase & Co. lifted their price target on Cushman & Wakefield from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cushman & Wakefield currently has an average rating of “Buy” and a consensus target price of $20.50.

Shares of NYSE:CWK traded up $0.04 during midday trading on Thursday, hitting $17.14. 118,886 shares of the stock were exchanged, compared to its average volume of 435,088. The stock has a market cap of $3.70 billion, a P/E ratio of -15.72, a PEG ratio of 3.34 and a beta of 2.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.42. Cushman & Wakefield PLC has a twelve month low of $13.25 and a twelve month high of $20.62. The company has a 50 day moving average price of $17.69 and a 200-day moving average price of $18.13.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.14 billion. Cushman & Wakefield had a positive return on equity of 4.21% and a negative net margin of 0.96%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. On average, equities research analysts expect that Cushman & Wakefield PLC will post 0.56 earnings per share for the current year.

About Cushman & Wakefield

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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