Epoch Investment Partners Inc. Decreases Holdings in Cushman & Wakefield PLC $CWK

Key Points

• Epoch Investment Partners Inc. significantly reduced its stake in Cushman & Wakefield PLC by 48.7%, leaving it with 35,559 shares valued at $363,000.
• In contrast, Deutsche Bank AG increased its holdings in Cushman & Wakefield by an impressive 807.1%, acquiring over 1.6 million shares during the same quarter.
• Analysts have raised their ratings on Cushman & Wakefield, with a recent upgrade from buy to strong-buy by Wall Street Zen, reflecting positive sentiment towards the stock.

Epoch Investment Partners Inc. lowered its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 48.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,559 shares of the company's stock after selling 33,759 shares during the period. Epoch Investment Partners Inc.'s holdings in Cushman & Wakefield were worth $363,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CWK. Capital Insight Partners LLC purchased a new position in Cushman & Wakefield during the 1st quarter valued at about $175,000. Jane Street Group LLC increased its holdings in Cushman & Wakefield by 101.8% during the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock valued at $190,000 after purchasing an additional 837,554 shares during the period. First Trust Advisors LP purchased a new position in Cushman & Wakefield during the 4th quarter valued at about $197,000. Entropy Technologies LP purchased a new position in Cushman & Wakefield during the 1st quarter valued at about $242,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Cushman & Wakefield during the 4th quarter valued at about $262,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CWK. Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group raised 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. UBS Group boosted their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Citizens Jmp began coverage on 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, JMP Securities boosted their price target on Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.13.

Cushman & Wakefield Stock Down 0.5%

CWK stock traded down $0.08 during midday trading on Friday, hitting $15.76. The company's stock had a trading volume of 1,433,946 shares, compared to its average volume of 2,657,449. The company has a market cap of $3.65 billion, a PE ratio of 17.91 and a beta of 1.50. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $16.22. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The firm's 50-day moving average is $12.79 and its 200-day moving average is $11.13.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. On average, equities research analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal 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.