Natixis Advisors LLC Has $14.76 Million Stock Holdings in Cushman & Wakefield PLC (NYSE:CWK)

Key Points

• Natixis Advisors LLC decreased its stake in Cushman & Wakefield PLC by 21% in the first quarter, selling 382,897 shares and holding approximately 1.44 million shares valued at about $14.76 million.
• Institutional investors own 95.56% of Cushman & Wakefield, with other hedge funds also adjusting their positions during the same period.
• Analysts have varied opinions on CWK, with target prices ranging from $12.00 to $15.00 and an average rating of "Hold" among analysts.

Natixis Advisors LLC lowered its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 21.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,444,443 shares of the company's stock after selling 382,897 shares during the quarter. Natixis Advisors LLC owned about 0.62% of Cushman & Wakefield worth $14,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. XTX Topco Ltd raised its position in shares of Cushman & Wakefield by 351.9% in the 1st quarter. XTX Topco Ltd now owns 70,785 shares of the company's stock valued at $723,000 after acquiring an additional 55,121 shares during the period. Federated Hermes Inc. increased its stake in shares of Cushman & Wakefield by 1.6% in the first quarter. Federated Hermes Inc. now owns 393,549 shares of the company's stock valued at $4,022,000 after buying an additional 6,256 shares during the period. Knights of Columbus Asset Advisors LLC increased its position in Cushman & Wakefield by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company's stock valued at $805,000 after purchasing an additional 2,070 shares during the period. Readystate Asset Management LP acquired a new position in Cushman & Wakefield during the 1st quarter worth approximately $2,095,000. Finally, Homestead Advisers Corp lifted its stake in Cushman & Wakefield by 75.1% during the 1st quarter. Homestead Advisers Corp now owns 319,800 shares of the company's stock valued at $3,268,000 after acquiring an additional 137,200 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CWK shares. Morgan Stanley set a $14.50 price target on Cushman & Wakefield and gave the company an "overweight" rating in a research report on Thursday, June 12th. JMP Securities increased their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a report on Wednesday. Citizens Jmp initiated coverage on Cushman & Wakefield in a report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price target on the stock. UBS Group upped their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen lowered Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Cushman & Wakefield has a consensus rating of "Hold" and an average target price of $13.63.

Cushman & Wakefield Price Performance

Shares of CWK traded down $0.29 during midday trading on Thursday, reaching $13.38. The stock had a trading volume of 1,831,532 shares, compared to its average volume of 2,066,170. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.18. The company has a market capitalization of $3.10 billion, a P/E ratio of 15.21 and a beta of 1.50. The firm's 50 day moving average price is $11.23 and its 200-day moving average price is $10.97. Cushman & Wakefield PLC has a 52 week low of $7.64 and a 52 week 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 analysts' consensus estimates of $0.22 by $0.08. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%. The company had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $2.38 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business's quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

About Cushman & Wakefield

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.