Uniplan Investment Counsel Inc. Increases Holdings in Cushman & Wakefield PLC $CWK

Key Points

• Uniplan Investment Counsel Inc. significantly increased its stake in Cushman & Wakefield PLC by 145.3% during the first quarter, now holding 193,360 shares valued at approximately $1.98 million.
• Cushman & Wakefield reported a quarterly earnings per share of $0.30, exceeding analyst expectations and marking a year-over-year revenue increase of 7.2% despite lower than expected overall revenue.
• Wall Street analysts have mixed views on Cushman & Wakefield, with price targets ranging from $13.00 to $20.00, and an average rating of "Moderate Buy" based on recent evaluations.

Uniplan Investment Counsel Inc. raised its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 145.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,360 shares of the company's stock after purchasing an additional 114,543 shares during the quarter. Uniplan Investment Counsel Inc. owned 0.08% of Cushman & Wakefield worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new stake in Cushman & Wakefield during the first quarter valued at about $102,000. DRW Securities LLC purchased a new stake in Cushman & Wakefield in the first quarter worth $109,000. Capital Insight Partners LLC purchased a new position in Cushman & Wakefield during the 1st quarter valued at $175,000. Vident Advisory LLC raised its holdings in Cushman & Wakefield by 18.1% in the 1st quarter. Vident Advisory LLC now owns 17,310 shares of the company's stock worth $177,000 after purchasing an additional 2,656 shares in the last quarter. Finally, Jane Street Group LLC raised its stake 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 buying an additional 837,554 shares in the last quarter. 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 firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $16.02, for a total transaction of $108,936.00. Following the completion of the sale, the director directly owned 46,498 shares in the company, valued at approximately $744,897.96. This trade represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by insiders.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock traded up $0.05 during midday trading on Friday, hitting $16.64. 474,663 shares of the company were exchanged, compared to its average volume of 2,084,462. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $3.85 billion, a PE ratio of 18.91 and a beta of 1.53. The business has a fifty day simple moving average of $13.65 and a two-hundred day simple moving average of $11.35. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $16.66.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released 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 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 company earned $0.20 earnings per share. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. JMP Securities lifted their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 target price on the stock in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. raised their price target on Cushman & Wakefield from $13.00 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.