First Trust Advisors LP Increases Holdings in Cushman & Wakefield PLC $CWK

Key Points

• First Trust Advisors LP increased its Cushman & Wakefield stake by 268.4% in the first quarter, bringing its holdings to 133,517 shares valued at approximately $1.64 million. Institutional investors collectively own 95.56% of the company.
• Cushman & Wakefield reported quarterly revenue of $2.76 billion and earnings of $0.35 per share, while analysts expect $1.44 in full-year EPS. The stock recently traded at $13.79, with a consensus analyst rating of “Moderate Buy” and an average price target of $18.
• Insider ownership remains limited at 0.74%; insider Nathaniel Robinson recently sold 24,828 shares for about $329,000, reducing his holdings by 25.94%.

First Trust Advisors LP lifted its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 268.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 133,517 shares of the company's stock after purchasing an additional 97,274 shares during the quarter. First Trust Advisors LP owned 0.06% of Cushman & Wakefield worth $1,637,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company's stock worth $26,000 after buying an additional 1,321 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Cushman & Wakefield during the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd grew its stake in Cushman & Wakefield by 184.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company's stock valued at $33,000 after acquiring an additional 1,318 shares in the last quarter. Quarry LP increased its holdings in Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company's stock worth $36,000 after acquiring an additional 2,192 shares during the period. Finally, Covestor Ltd increased its holdings in Cushman & Wakefield by 4,217.7% during the 4th quarter. Covestor Ltd now owns 2,677 shares of the company's stock worth $43,000 after acquiring an additional 2,615 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

Shares of NYSE:CWK opened at $13.79 on Monday. The company's fifty day moving average price is $13.36 and its 200-day moving average price is $13.55. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 47.56 and a beta of 1.43. Cushman & Wakefield PLC has a one year low of $11.56 and a one year high of $17.40. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The company had revenue of $2.76 billion during the quarter. On average, equities research analysts anticipate that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CWK shares. Weiss Ratings upgraded shares of Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday. The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the stock a "buy" rating in a research report on Friday, May 22nd. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.00.

Insiders Place Their Bets

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the sale, the insider owned 70,876 shares in the company, valued at $939,107. This trade represents a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.74% of the stock is owned by insiders.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm's core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.

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