Vaughan Nelson Investment Management L.P. Reduces Holdings in Cushman & Wakefield PLC (NYSE:CWK)

Vaughan Nelson Investment Management L.P. reduced its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 33.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,313,655 shares of the company's stock after selling 4,160,725 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 3.62% of Cushman & Wakefield worth $84,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Cushman & Wakefield during the first quarter worth $450,000. Yousif Capital Management LLC raised its position in Cushman & Wakefield by 3.1% during the 1st quarter. Yousif Capital Management LLC now owns 89,757 shares of the company's stock worth $917,000 after buying an additional 2,686 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Cushman & Wakefield by 840.1% in the 1st quarter. GAMMA Investing LLC now owns 55,106 shares of the company's stock worth $5,392,000 after acquiring an additional 49,244 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $1,778,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $2,498,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CWK has been the subject of several analyst reports. Citigroup cut their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. reduced their price target on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday. UBS Group cut their price objective on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, The Goldman Sachs Group reduced their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.00.

Cushman & Wakefield Price Performance

Shares of CWK traded up $0.15 on Wednesday, reaching $10.41. The stock had a trading volume of 840,507 shares, compared to its average volume of 1,950,609. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.11. The firm has a market capitalization of $2.41 billion, a PE ratio of 15.08 and a beta of 1.43. The firm has a 50-day moving average of $9.66 and a 200 day moving average of $11.46. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.64.

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. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.26 billion. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Cushman & Wakefield 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.