Entropy Technologies LP Takes $242,000 Position in Cushman & Wakefield PLC $CWK

Key Points

• Entropy Technologies LP has made a new investment in Cushman & Wakefield PLC, purchasing 23,692 shares for approximately $242,000.
• Cushman & Wakefield's quarterly earnings report exceeded analyst expectations, with earnings per share of $0.30 against a consensus estimate of $0.22.
• Recent analyst ratings reflect optimism, with the average target price for Cushman & Wakefield set at $14.38 and several analysts issuing "strong-buy" recommendations.

Entropy Technologies LP bought a new position in Cushman & Wakefield PLC (NYSE:CWK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,692 shares of the company's stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Cushman & Wakefield by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company's stock worth $13,367,000 after purchasing an additional 32,795 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Cushman & Wakefield by 2.0% during 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. Crossmark Global Holdings Inc. purchased a new position in Cushman & Wakefield during the first quarter valued at $333,000. Deutsche Bank AG lifted its position in Cushman & Wakefield by 58.0% during the fourth quarter. Deutsche Bank AG now owns 206,164 shares of the company's stock valued at $2,697,000 after purchasing an additional 75,693 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Cushman & Wakefield in the first quarter valued at about $450,000. Institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CWK. Morgan Stanley set a $14.50 price objective on Cushman & Wakefield and gave the company an "overweight" rating in a research report on Thursday, June 12th. UBS Group boosted their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group upgraded Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 target price for the company in a research report on Friday, August 8th. Citizens Jmp started coverage on Cushman & Wakefield in a research report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 target price for the company. Finally, JMP Securities increased their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.38.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK traded up $0.2040 during mid-day trading on Tuesday, hitting $15.0540. The stock had a trading volume of 570,949 shares, compared to its average volume of 2,081,706. The company has a 50 day moving average of $11.89 and a two-hundred day moving average of $10.97. The firm has a market cap of $3.49 billion, a PE ratio of 17.11 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. Research analysts predict that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

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.