Vaughan Nelson Investment Management L.P. Has $84.97 Million Position in Cushman & Wakefield plc (NYSE:CWK)

Vaughan Nelson Investment Management L.P. decreased its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 33.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 approximately 3.62% of Cushman & Wakefield worth $84,966,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CWK. Allspring Global Investments Holdings LLC acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at $7,496,000. New York State Teachers Retirement System raised its holdings in Cushman & Wakefield by 3.7% during the 4th quarter. New York State Teachers Retirement System now owns 119,198 shares of the company's stock worth $1,559,000 after purchasing an additional 4,267 shares during the last quarter. Rhumbline Advisers lifted its position in Cushman & Wakefield by 0.3% during the 4th quarter. Rhumbline Advisers now owns 714,630 shares of the company's stock valued at $9,347,000 after purchasing an additional 1,958 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Cushman & Wakefield by 1.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company's stock valued at $1,974,000 after purchasing an additional 1,769 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Cushman & Wakefield by 579.8% during the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock worth $16,952,000 after buying an additional 1,105,355 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Down 3.6%

NYSE:CWK opened at $10.41 on Friday. Cushman & Wakefield plc has a 1 year low of $7.64 and a 1 year high of $16.11. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 18.93 and a beta of 1.43. The stock has a 50-day moving average price of $9.58 and a two-hundred day moving average price of $11.53.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data 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 12.62% and a net margin of 1.39%. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.

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