Nuveen Asset Management LLC Has $10.48 Million Holdings in Cushman & Wakefield plc (NYSE:CWK)

Nuveen Asset Management LLC lifted its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 37.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 800,888 shares of the company's stock after acquiring an additional 219,990 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.35% of Cushman & Wakefield worth $10,476,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vestcor Inc lifted its holdings in shares of Cushman & Wakefield by 316.7% in the fourth quarter. Vestcor Inc now owns 70,529 shares of the company's stock valued at $923,000 after purchasing an additional 53,602 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Cushman & Wakefield during the fourth quarter valued at $1,003,000. JPMorgan Chase & Co. raised its position in Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after buying an additional 806,684 shares during the period. Proficio Capital Partners LLC purchased a new stake in Cushman & Wakefield in the 4th quarter worth about $318,000. Finally, Channing Capital Management LLC purchased a new stake in Cushman & Wakefield in the 4th quarter worth about $61,732,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CWK. Morgan Stanley lowered their target price on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. Citigroup cut their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. lowered their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, UBS Group dropped their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Cushman & Wakefield has a consensus rating of "Hold" and a consensus target price of $12.93.

Cushman & Wakefield Stock Down 0.8%

Shares of CWK stock traded down $0.08 on Friday, hitting $10.05. The company's stock had a trading volume of 1,440,276 shares, compared to its average volume of 1,985,169. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 18.27 and a beta of 1.37. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The firm's fifty day moving average price is $9.47 and its 200-day moving average price is $11.86. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Cushman & Wakefield's revenue for the quarter was up 4.6% on a year-over-year basis. Research analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Cushman & Wakefield Company 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.