Vaughan Nelson Investment Management L.P. Cuts Position in Cushman & Wakefield PLC $CWK

Key Points

• Vaughan Nelson trimmed its stake in Cushman & Wakefield by 1.8% in Q4, selling 167,855 shares to hold 9,229,679 shares (≈$149.4M), making CWK its 15th largest position and ~1.5% of the firm's portfolio.
• Institutional ownership is very high at 95.56%, with several investors materially increasing exposure recently (e.g., Knights of Columbus +135.6%, Federated Hermes +30.2%, NY State Common Retirement Fund +486.1%, and new stakes from Channing Capital and Lighthouse).
• Analyst sentiment is mixed—five Buys and five Holds—with an average price target of $18.06 while CWK trades near $11.90 (market cap ~$2.76B); recent notes include Barclays cutting its target to $15 and Wolfe Research upgrading to outperform.

Vaughan Nelson Investment Management L.P. trimmed its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,229,679 shares of the company's stock after selling 167,855 shares during the period. Cushman & Wakefield accounts for 1.5% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 15th largest position. Vaughan Nelson Investment Management L.P. owned 3.99% of Cushman & Wakefield worth $149,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC lifted its position in shares of Cushman & Wakefield by 135.6% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 180,645 shares of the company's stock valued at $2,876,000 after buying an additional 103,968 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Cushman & Wakefield by 30.2% in the 3rd quarter. Federated Hermes Inc. now owns 897,293 shares of the company's stock worth $14,285,000 after buying an additional 208,129 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Cushman & Wakefield by 486.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company's stock worth $17,787,000 after acquiring an additional 926,664 shares in the last quarter. Channing Capital Management LLC purchased a new stake in Cushman & Wakefield during the third quarter valued at approximately $55,665,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in Cushman & Wakefield during the third quarter valued at approximately $7,558,000. Institutional investors own 95.56% of the company's stock.

Analysts Set New Price Targets

CWK has been the topic of a number of recent analyst reports. Barclays reduced their price target on Cushman & Wakefield from $19.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, March 13th. Weiss Ratings restated a "hold (c)" rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Wall Street Zen lowered Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 23rd. Morgan Stanley reissued an "overweight" rating and issued a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Finally, Wolfe Research upgraded Cushman & Wakefield from a "peer perform" rating to an "outperform" rating and set a $19.00 price target on the stock 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.06.

Cushman & Wakefield Trading Up 0.8%

NYSE:CWK opened at $11.90 on Tuesday. The company has a market capitalization of $2.76 billion, a P/E ratio of 31.31 and a beta of 1.49. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $17.40. The firm has a fifty day simple moving average of $13.83 and a 200-day simple moving average of $15.27.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Thursday, February 19th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.83 billion. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. On average, equities research analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

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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