Janus Henderson Group PLC Has $38.87 Million Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Janus Henderson Group PLC lowered its holdings in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 5.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,971,490 shares of the company's stock after selling 182,607 shares during the quarter. Janus Henderson Group PLC owned 1.29% of Cushman & Wakefield worth $38,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after acquiring an additional 2,691 shares during the period. Blue Trust Inc. raised its position in shares of Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock worth $60,000 after acquiring an additional 928 shares during the last quarter. Sterling Capital Management LLC lifted its position in Cushman & Wakefield by 820.3% during the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after purchasing an additional 6,431 shares during the period. Ieq Capital LLC bought a new position in Cushman & Wakefield in the fourth quarter valued at approximately $135,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after purchasing an additional 6,600 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Stock Down 0.8%

Shares of NYSE CWK traded down $0.09 during midday trading on Tuesday, reaching $10.28. The company's stock had a trading volume of 261,752 shares, compared to its average volume of 2,124,501. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The stock has a 50 day simple moving average of $9.58 and a 200-day simple moving average of $12.09. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 18.70 and a beta of 1.37. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CWK shares. JPMorgan Chase & Co. cut their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Citigroup dropped their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. UBS Group lowered their target price on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group cut their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. Finally, Morgan Stanley lowered their price objective on shares of Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Cushman & Wakefield currently has a consensus rating of "Hold" and an average target price of $12.93.

Cushman & Wakefield 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.