Cushman & Wakefield PLC $CWK Shares Acquired by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Cushman & Wakefield PLC by 46.2% during the second quarter, now owning approximately 12.16 million shares valued at $134.57 million.
• Deutsche Bank AG significantly raised its position by 807.1% in the first quarter, owning about 1.87 million shares, while overall institutional investors hold 95.56% of the company's stock.
• Cushman & Wakefield reported an earnings per share (EPS) of $0.30 for the latest quarter, exceeding expectations of $0.22, although it generated revenue of $1.65 billion against an estimated $2.38 billion.

Vaughan Nelson Investment Management L.P. grew its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 46.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,156,514 shares of the company's stock after buying an additional 3,842,859 shares during the period. Cushman & Wakefield accounts for about 1.3% of Vaughan Nelson Investment Management L.P.'s holdings, making the stock its 23rd biggest holding. Vaughan Nelson Investment Management L.P. owned 5.26% of Cushman & Wakefield worth $134,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CWK. Deutsche Bank AG increased its position in Cushman & Wakefield by 807.1% during the first quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock worth $19,112,000 after purchasing an additional 1,663,880 shares during the last quarter. Nuveen LLC acquired a new stake in Cushman & Wakefield during the first quarter worth about $11,086,000. Jane Street Group LLC increased its position in Cushman & Wakefield by 101.8% during the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after purchasing an additional 837,554 shares during the last quarter. Channing Capital Management LLC increased its position in Cushman & Wakefield by 13.8% during the first quarter. Channing Capital Management LLC now owns 5,369,263 shares of the company's stock worth $54,874,000 after purchasing an additional 649,705 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Cushman & Wakefield by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 12,064,891 shares of the company's stock worth $123,300,000 after purchasing an additional 478,484 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Up 1.1%

Shares of CWK stock opened at $15.86 on Friday. The company has a 50-day moving average of $15.15 and a two-hundred day moving average of $11.89. 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 1-year low of $7.64 and a 1-year high of $17.04. The firm has a market cap of $3.67 billion, a PE ratio of 18.02 and a beta of 1.51.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 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 business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the firm posted $0.20 earnings per share. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts predict that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Insider Activity at Cushman & Wakefield

In other news, Director Angela Sun sold 6,800 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the transaction, the director owned 46,498 shares of the company's stock, valued at approximately $744,897.96. This trade represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

CWK has been the subject of several recent analyst reports. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. 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 report on Friday, August 8th. JMP Securities increased their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. UBS Group increased their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Cushman & Wakefield presently has an average rating of "Moderate Buy" and an average target price of $15.13.

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.

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