Dimensional Fund Advisors LP Grows Stock Position in Cushman & Wakefield PLC $CWK

Key Points

• Dimensional Fund Advisors LP increased its stake in Cushman & Wakefield PLC by 4.1%, now holding over 12 million shares valued at approximately $123 million.
• Several institutional investors have also significantly increased their positions in Cushman & Wakefield, with Deutsche Bank AG raising its stake by 807.1%.
• Cushman & Wakefield reported a quarterly EPS of $0.30, exceeding analysts' estimates, while revenue was up 7.2% year-over-year, although below consensus expectations.

Dimensional Fund Advisors LP increased its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,064,891 shares of the company's stock after buying an additional 478,484 shares during the period. Dimensional Fund Advisors LP owned about 5.22% of Cushman & Wakefield worth $123,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CWK. Deutsche Bank AG boosted its position in shares of Cushman & Wakefield by 807.1% in the 1st quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock worth $19,112,000 after buying an additional 1,663,880 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cushman & Wakefield by 54.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock worth $40,123,000 after buying an additional 1,084,940 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Cushman & Wakefield in the 1st quarter worth about $11,086,000. Jane Street Group LLC boosted its position in shares of Cushman & Wakefield by 101.8% in the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after buying an additional 837,554 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Cushman & Wakefield in the 4th quarter valued at about $8,029,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Trading Down 0.5%

NYSE CWK opened at $14.8040 on Friday. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $16.11. The company has a 50-day moving average of $12.14 and a 200-day moving average of $11.04. 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 company has a market cap of $3.43 billion, a P/E ratio of 16.82 and a beta of 1.50.

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 analysts' consensus estimates of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the company posted $0.20 EPS. The company's quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CWK. UBS Group boosted their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Citizens Jmp began coverage on shares of Cushman & Wakefield in a research note on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 target price for the company. JMP Securities boosted their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. 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. Finally, Morgan Stanley set a $14.50 target price on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $14.38.

Cushman & Wakefield 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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