Homestead Advisers Corp grew its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 75.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 319,800 shares of the company's stock after acquiring an additional 137,200 shares during the period. Homestead Advisers Corp owned about 0.14% of Cushman & Wakefield worth $3,268,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Cushman & Wakefield by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company's stock worth $13,367,000 after acquiring an additional 32,795 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Cushman & Wakefield by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after buying an additional 806,684 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Cushman & Wakefield by 2.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company's stock valued at $5,972,000 after purchasing an additional 11,247 shares in the last quarter. Norges Bank bought a new stake in shares of Cushman & Wakefield during the fourth quarter worth $38,720,000. Finally, Crossmark Global Holdings Inc. bought a new position in Cushman & Wakefield in the first quarter valued at $333,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Cushman & Wakefield Stock Up 0.7%
Shares of CWK traded up $0.08 during midday trading on Tuesday, reaching $11.49. 288,198 shares of the company were exchanged, compared to its average volume of 2,008,407. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.64. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 16.65 and a beta of 1.43. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $16.11. The stock has a 50-day moving average price of $10.72 and a 200-day moving average price of $10.97.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have recently commented on CWK. 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. Citizens Jmp initiated coverage on shares of Cushman & Wakefield in a research note on Monday. They issued a "strong-buy" rating and a $15.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. JMP Securities initiated coverage on shares of Cushman & Wakefield in a report on Monday. They issued a "market outperform" rating and a $15.00 price target on the stock. Finally, Wall Street Zen lowered Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research report on Sunday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Cushman & Wakefield presently has an average rating of "Hold" and an average price target of $13.78.
Get Our Latest Research Report on CWK
About Cushman & Wakefield
(
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.
Further Reading
Want to see what other hedge funds are holding CWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cushman & Wakefield PLC (NYSE:CWK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cushman & Wakefield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cushman & Wakefield wasn't on the list.
While Cushman & Wakefield currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
