Nuveen LLC Takes Position in Cushman & Wakefield PLC $CWK

Key Points

• Nuveen LLC has acquired a new position in Cushman & Wakefield PLC, purchasing over 1 million shares valued at approximately $11.1 million.
• Several institutional investors, including Dimensional Fund Advisors and UBS AM, have increased their stakes in Cushman & Wakefield in recent quarters, indicating strong investor interest in the company.
• Cushman & Wakefield reported an earnings per share (EPS) of $0.30 for the latest quarter, surpassing analysts' expectations, but its revenue came in lower than anticipated at $1.65 billion.

Nuveen LLC bought a new stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 1,084,689 shares of the company's stock, valued at approximately $11,086,000. Nuveen LLC owned about 0.47% of Cushman & Wakefield at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Entropy Technologies LP acquired a new position in Cushman & Wakefield in the 1st quarter valued at $242,000. Invesco Ltd. grew its stake in Cushman & Wakefield by 3.4% in the 1st quarter. Invesco Ltd. now owns 1,906,550 shares of the company's stock valued at $19,485,000 after buying an additional 63,150 shares during the last quarter. Sierra Summit Advisors LLC acquired a new position in Cushman & Wakefield in the 1st quarter valued at $562,000. Deutsche Bank AG grew its stake in Cushman & Wakefield by 807.1% in the 1st quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock valued at $19,112,000 after buying an additional 1,663,880 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Cushman & Wakefield in the 1st quarter valued at $338,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Performance

NYSE CWK traded down $0.13 during midday trading on Thursday, hitting $15.83. The company had a trading volume of 1,400,488 shares, compared to its average volume of 2,717,549. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.48. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 17.99 and a beta of 1.50. The firm has a fifty day simple moving average of $12.69 and a two-hundred day simple moving average of $11.12. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $16.22.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.08. The company had revenue of $1.65 billion for 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. Equities analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CWK has been the topic of a number of research analyst reports. JMP Securities raised their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. 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 report on Friday, August 8th. JPMorgan Chase & Co. upped their price target on Cushman & Wakefield from $13.00 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday. UBS Group upped their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.13.

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.