UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Cushman & Wakefield plc (NYSE:CWK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 54.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,067,526 shares of the company's stock after purchasing an additional 1,084,940 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.34% of Cushman & Wakefield worth $40,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after acquiring an additional 2,691 shares during the last quarter. Blue Trust Inc. raised its position in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after purchasing an additional 928 shares during the period. Sterling Capital Management LLC lifted its position in shares of Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after purchasing an additional 6,431 shares in the last quarter. Ieq Capital LLC purchased a new position in Cushman & Wakefield in the 4th quarter valued at about $135,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Cushman & Wakefield by 143.9% during the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after purchasing an additional 6,600 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Trading Down 0.6%

Cushman & Wakefield stock traded down $0.06 during mid-day trading on Wednesday, hitting $9.98. 1,244,952 shares of the company's stock were exchanged, compared to its average volume of 1,997,391. The company's 50 day simple moving average is $9.48 and its 200-day simple moving average is $11.89. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The firm has a market capitalization of $2.31 billion, a P/E ratio of 18.15 and a beta of 1.37.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Cushman & Wakefield's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CWK shares. JPMorgan Chase & Co. reduced their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Citigroup decreased their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Morgan Stanley decreased their price objective on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group cut their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. Finally, UBS Group reduced their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.93.

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.