Boston Partners boosted 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 Securities and Exchange Commission. The fund owned 87,020 shares of the company's stock after buying an additional 39,779 shares during the quarter. Boston Partners' holdings in Cushman & Wakefield were worth $889,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Cushman & Wakefield by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company's stock valued at $13,367,000 after buying an additional 32,795 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Cushman & Wakefield by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company's stock valued at $5,972,000 after buying an additional 11,247 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Cushman & Wakefield in the 1st quarter valued at $333,000. Deutsche Bank AG grew its stake in Cushman & Wakefield by 58.0% in the 4th quarter. Deutsche Bank AG now owns 206,164 shares of the company's stock valued at $2,697,000 after buying an additional 75,693 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Cushman & Wakefield in the 1st quarter valued at $450,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. JMP Securities raised their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Citizens Jmp assumed coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 price target on the stock. Finally, The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target on the stock in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $14.38.
Read Our Latest Stock Report on CWK
Cushman & Wakefield Price Performance
Shares of Cushman & Wakefield stock traded up $0.7930 during trading on Friday, hitting $15.6130. 2,480,025 shares of the company's stock traded hands, compared to its average volume of 2,625,541. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. The firm's fifty day moving average price is $12.25 and its 200 day moving average price is $11.03. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.11. The company has a market cap of $3.61 billion, a PE ratio of 17.74 and a beta of 1.50.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the firm posted $0.20 EPS. The firm's quarterly revenue was up 7.2% on a year-over-year basis. Analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.
Cushman & Wakefield Profile
(
Free Report)
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.
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