Cushman & Wakefield PLC $CWK Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC reduced its holdings in Cushman & Wakefield PLC by 5.9%, owning 761,373 shares worth approximately $7.78 million as of the latest SEC filing.
• Research firms have upgraded Cushman & Wakefield's stock ratings, with Goldman Sachs raising the target price to $17.50, indicating a shift toward a more positive outlook.
• Director Angela Sun sold 6,800 shares at an average price of $16.02, resulting in a 12.76% decrease in her stake in Cushman & Wakefield.

Intech Investment Management LLC cut its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 761,373 shares of the company's stock after selling 47,681 shares during the period. Intech Investment Management LLC owned 0.33% of Cushman & Wakefield worth $7,781,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CWK. Jane Street Group LLC raised its position in Cushman & Wakefield by 101.8% in the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after acquiring an additional 837,554 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Cushman & Wakefield in the fourth quarter worth $262,000. Captrust Financial Advisors purchased a new stake in shares of Cushman & Wakefield in the fourth quarter worth $270,000. Deutsche Bank AG increased its stake in shares of Cushman & Wakefield by 58.0% in the fourth quarter. Deutsche Bank AG now owns 206,164 shares of the company's stock worth $2,697,000 after purchasing an additional 75,693 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in shares of Cushman & Wakefield by 90.9% in the fourth quarter. Gotham Asset Management LLC now owns 46,338 shares of the company's stock worth $606,000 after purchasing an additional 22,068 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Performance

Shares of CWK traded up $0.11 during mid-day trading on Wednesday, reaching $16.71. 561,260 shares of the company's stock were exchanged, compared to its average volume of 2,076,757. 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 stock has a market capitalization of $3.87 billion, a PE ratio of 19.07 and a beta of 1.53. The business's fifty day simple moving average is $13.95 and its 200-day simple moving average is $11.44. Cushman & Wakefield PLC has a 52-week low of $7.64 and a 52-week high of $16.99.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share 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 firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the firm posted $0.20 EPS. Cushman & Wakefield's quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Insider Buying and Selling

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of Cushman & Wakefield stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the sale, the director owned 46,498 shares in the company, valued at $744,897.96. The trade was a 12.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CWK shares. 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. The Goldman Sachs Group raised shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 target price for the company in a research note on Friday, August 8th. JMP Securities lifted their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock 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, Citizens Jmp assumed coverage on shares of Cushman & Wakefield in a report on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

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.