Glenmede Trust Co. NA Sells 85,758 Shares of Cushman & Wakefield PLC $CWK

Glenmede Trust Co. NA lessened its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 952,486 shares of the company's stock after selling 85,758 shares during the quarter. Glenmede Trust Co. NA owned 0.41% of Cushman & Wakefield worth $11,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC increased its position in Cushman & Wakefield by 7.4% during the fourth quarter. Cerity Partners LLC now owns 12,572 shares of the company's stock worth $204,000 after acquiring an additional 865 shares during the period. Cetera Investment Advisers boosted its holdings in Cushman & Wakefield by 1.8% in the 1st quarter. Cetera Investment Advisers now owns 49,108 shares of the company's stock valued at $602,000 after purchasing an additional 876 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Cushman & Wakefield by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,029 shares of the company's stock valued at $859,000 after purchasing an additional 900 shares during the period. First Horizon Corp grew its position in shares of Cushman & Wakefield by 52.0% during the 4th quarter. First Horizon Corp now owns 3,040 shares of the company's stock worth $49,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Cushman & Wakefield by 9.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,477 shares of the company's stock worth $202,000 after purchasing an additional 1,061 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on CWK shares. Weiss Ratings raised shares of Cushman & Wakefield from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, June 26th. The Goldman Sachs Group set a $17.00 price target on Cushman & Wakefield and gave the company a "buy" rating in a research note on Friday, May 22nd. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Cushman & Wakefield has a consensus rating of "Moderate Buy" and an average price target of $18.00.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the transaction, the insider directly owned 70,876 shares in the company, valued at $939,107. The trade was a 25.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is owned by company insiders.

Cushman & Wakefield Trading Up 0.1%

Shares of Cushman & Wakefield stock opened at $13.44 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. Cushman & Wakefield PLC has a 12-month low of $11.56 and a 12-month high of $17.40. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 41.99 and a beta of 1.43. The firm's 50-day moving average price is $13.26 and its two-hundred day moving average price is $13.66.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same period in the previous year, the company earned $0.09 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts forecast that Cushman & Wakefield PLC will post 1.45 earnings per share for the current fiscal year.

Cushman & Wakefield Profile

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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