Boston Partners Raises Stock Position in Cushman & Wakefield PLC $CWK

Boston Partners grew its position in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 84.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 87,020 shares of the company's stock after buying an additional 39,779 shares during the period. Boston Partners' holdings in Cushman & Wakefield were worth $889,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC boosted its stake in Cushman & Wakefield by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company's stock worth $805,000 after purchasing an additional 2,070 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Cushman & Wakefield by 3.1% in the 1st quarter. Yousif Capital Management LLC now owns 89,757 shares of the company's stock worth $917,000 after purchasing an additional 2,686 shares in the last quarter. Bank of Montreal Can boosted its stake in Cushman & Wakefield by 8.3% in the 4th quarter. Bank of Montreal Can now owns 43,561 shares of the company's stock worth $570,000 after purchasing an additional 3,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cushman & Wakefield by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,332 shares of the company's stock worth $1,705,000 after purchasing an additional 4,963 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Cushman & Wakefield by 1.6% during the 1st quarter. Federated Hermes Inc. now owns 393,549 shares of the company's stock valued at $4,022,000 after acquiring an additional 6,256 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on CWK shares. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price objective for the company in a research note on Friday, August 8th. JMP Securities lifted their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. UBS Group lifted their price objective on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.38.

Cushman & Wakefield Price Performance

NYSE CWK traded up $0.7940 on Friday, hitting $15.6140. The company had a trading volume of 1,219,009 shares, compared to its average volume of 2,085,257. The company has a market capitalization of $3.62 billion, a PE ratio of 17.75 and a beta of 1.50. The company's fifty day moving average price is $12.14 and its 200-day moving average price is $11.04. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The firm's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. As a group, analysts predict that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

About Cushman & Wakefield

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.