Envestnet Asset Management Inc. Raises Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Envestnet Asset Management Inc. increased its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,034 shares of the company's stock after acquiring an additional 96,805 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.14% of Cushman & Wakefield worth $4,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in 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 purchasing an additional 928 shares during the period. Xponance Inc. raised its stake in Cushman & Wakefield by 9.4% during the fourth quarter. Xponance Inc. now owns 16,484 shares of the company's stock worth $216,000 after purchasing an additional 1,423 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Cushman & Wakefield by 1.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company's stock worth $1,974,000 after purchasing an additional 1,769 shares during the period. Rhumbline Advisers increased its position in shares of Cushman & Wakefield by 0.3% during the fourth quarter. Rhumbline Advisers now owns 714,630 shares of the company's stock valued at $9,347,000 after acquiring an additional 1,958 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Cushman & Wakefield by 264.3% during 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 last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Up 4.2 %

Cushman & Wakefield stock traded up $0.38 during trading on Tuesday, reaching $9.39. The stock had a trading volume of 4,210,651 shares, compared to its average volume of 2,125,654. Cushman & Wakefield plc has a 52-week low of $7.64 and a 52-week high of $16.11. The business has a 50 day moving average price of $9.95 and a 200 day moving average price of $12.38. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The stock has a market cap of $2.16 billion, a PE ratio of 17.07 and a beta of 1.26.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CWK shares. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their price target for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group dropped their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday, March 19th. Morgan Stanley dropped their price target 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. UBS Group dropped their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Citigroup dropped their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.