Federated Hermes Inc. Purchases 42,362 Shares of Cushman & Wakefield plc (NYSE:CWK)

Federated Hermes Inc. grew its stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 387,293 shares of the company's stock after buying an additional 42,362 shares during the quarter. Federated Hermes Inc. owned approximately 0.17% of Cushman & Wakefield worth $5,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vestcor Inc increased its stake in shares of Cushman & Wakefield by 316.7% in the fourth quarter. Vestcor Inc now owns 70,529 shares of the company's stock valued at $923,000 after buying an additional 53,602 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new stake in Cushman & Wakefield during the 4th quarter valued at approximately $1,003,000. JPMorgan Chase & Co. raised its holdings in Cushman & Wakefield by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after purchasing an additional 806,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Cushman & Wakefield in the 4th quarter worth approximately $318,000. Finally, Channing Capital Management LLC bought a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $61,732,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CWK. Jefferies Financial Group lowered shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their target price for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. Citigroup decreased their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their price target on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group lowered their price objective 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. Finally, UBS Group cut their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $12.75.

Cushman & Wakefield Stock Up 0.6 %

NYSE:CWK traded up $0.05 on Thursday, hitting $8.20. The stock had a trading volume of 547,044 shares, compared to its average volume of 2,081,642. Cushman & Wakefield plc has a 1 year low of $7.64 and a 1 year high of $16.11. The firm's fifty day simple moving average is $10.74 and its two-hundred day simple moving average is $12.65. The stock has a market cap of $1.88 billion, a P/E ratio of 14.95 and a beta of 1.26. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

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.