Mutual Advisors LLC purchased a new position in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 44,318 shares of the company's stock, valued at approximately $526,000.
Several other large investors also recently modified their holdings of CWK. EP Wealth Advisors LLC purchased a new position in Cushman & Wakefield in the 1st quarter valued at approximately $102,000. DRW Securities LLC bought a new position in shares of Cushman & Wakefield in the first quarter worth $109,000. Sage Rhino Capital LLC purchased a new position in shares of Cushman & Wakefield in the second quarter valued at $115,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Cushman & Wakefield in the second quarter valued at $129,000. Finally, United Services Automobile Association purchased a new position in shares of Cushman & Wakefield in the first quarter valued at $139,000. Hedge funds and other institutional investors own 95.56% of the company's stock.
Insider Transactions at Cushman & Wakefield
In related news, Director Angela Sun sold 6,800 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the transaction, the director directly owned 46,498 shares in the company, valued at approximately $744,897.96. The trade was a 12.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.
Wall Street Analysts Forecast Growth
CWK has been the subject of several recent research reports. Citizens Jmp initiated coverage on Cushman & Wakefield in a research report on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 price target for the company. The Goldman Sachs Group upgraded Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target for the company in a research report on Friday, August 8th. UBS Group lifted their price target on Cushman & Wakefield from $12.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. JPMorgan Chase & Co. lifted their price target on Cushman & Wakefield from $13.00 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. Finally, Zacks Research upgraded Cushman & Wakefield from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Cushman & Wakefield presently has an average rating of "Moderate Buy" and a consensus target price of $15.75.
Get Our Latest Stock Analysis on CWK
Cushman & Wakefield Stock Down 0.2%
CWK opened at $15.74 on Monday. The company has a fifty day moving average price of $15.67 and a 200-day moving average price of $12.26. The firm has a market capitalization of $3.65 billion, a P/E ratio of 17.89 and a beta of 1.51. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $17.04.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 EPS. Equities research analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.
Cushman & Wakefield Profile
(
Free Report)
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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