Vanguard Group Inc. Has $586.27 Million Stock Holdings in Cushman & Wakefield PLC $CWK

Key Points

• Vanguard Group Inc. trimmed its stake in Cushman & Wakefield by 0.3% in Q4 and now holds 36,211,897 shares — about 15.64% of the company valued at roughly $586.27 million.
• Cushman & Wakefield beat Q4 estimates with $0.54 EPS vs. $0.53 expected and revenue of $2.91 billion (up 10.8% year‑over‑year), and analysts project about 1.44 EPS for the current fiscal year.
• Institutional investors own roughly 95.56% of CWK, and the stock carries a consensus "Moderate Buy" rating with an average price target of $18.06.

Vanguard Group Inc. lessened its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,211,897 shares of the company's stock after selling 92,289 shares during the period. Vanguard Group Inc. owned approximately 15.64% of Cushman & Wakefield worth $586,271,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Cushman & Wakefield by 39.6% during the first quarter. Royal Bank of Canada now owns 98,508 shares of the company's stock worth $1,007,000 after buying an additional 27,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cushman & Wakefield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company's stock valued at $1,393,000 after acquiring an additional 5,929 shares during the last quarter. United Services Automobile Association bought a new position in shares of Cushman & Wakefield in the first quarter valued at approximately $139,000. Jane Street Group LLC raised its stake in shares of Cushman & Wakefield by 1,821.3% in the first quarter. Jane Street Group LLC now owns 279,397 shares of the company's stock valued at $2,855,000 after acquiring an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in shares of Cushman & Wakefield in the first quarter valued at approximately $218,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock opened at $13.84 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $3.24 billion, a P/E ratio of 36.42 and a beta of 1.50. The firm has a 50 day simple moving average of $13.12 and a 200 day simple moving average of $14.91. Cushman & Wakefield PLC has a fifty-two week low of $9.43 and a fifty-two week high of $17.40.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. Cushman & Wakefield's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. Sell-side analysts predict that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CWK. Wall Street Zen cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating in a research note on Saturday, April 4th. Morgan Stanley reiterated an "overweight" rating and issued a $19.00 target price on shares of Cushman & Wakefield in a research note on Friday, January 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Barclays cut their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, March 13th. Finally, Wolfe Research upgraded shares of Cushman & Wakefield from a "peer perform" rating to an "outperform" rating and set a $19.00 target price for the company in a research note on Monday, February 9th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.06.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm's core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.

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