Voya Investment Management LLC Purchases 76,173 Shares of Cushman & Wakefield PLC $CWK

Key Points

• Voya Investment Management LLC increased its stake in Cushman & Wakefield by 51.5%, acquiring 76,173 additional shares, bringing its total to 224,193 shares worth approximately $2.29 million.
• Deutsche Bank AG raised its holdings in Cushman & Wakefield by an impressive 807.1%, acquiring 1,663,880 shares, now totaling 1,870,044 shares valued at $19.11 million.
• Analysts have set new price targets for Cushman & Wakefield, with JPMorgan Chase raising it to $20.00 while Goldman Sachs upgraded their rating from "sell" to "buy" with a target of $17.50.

Voya Investment Management LLC increased its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 51.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,193 shares of the company's stock after purchasing an additional 76,173 shares during the quarter. Voya Investment Management LLC owned 0.10% of Cushman & Wakefield worth $2,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Jane Street Group LLC grew its position in shares of Cushman & Wakefield by 101.8% in the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock valued at $190,000 after purchasing an additional 837,554 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Cushman & Wakefield by 37.9% in the fourth quarter. Nuveen Asset Management LLC now owns 800,888 shares of the company's stock valued at $10,476,000 after acquiring an additional 219,990 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cushman & Wakefield by 54.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock valued at $40,123,000 after purchasing an additional 1,084,940 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth about $2,498,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth about $1,778,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

NYSE:CWK traded down $0.22 during trading hours on Monday, reaching $16.42. 1,551,309 shares of the company's stock were exchanged, compared to its average volume of 2,040,340. The company has a market capitalization of $3.80 billion, a P/E ratio of 15.13 and a beta of 1.52. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $17.04. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.48. The business's 50-day simple moving average is $14.35 and its two-hundred day simple moving average is $11.59.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The firm had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $2.38 billion. During the same period in the previous year, the company posted $0.20 EPS. The company's quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

CWK has been the topic of a number of analyst reports. The Goldman Sachs Group raised Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price objective on the stock in a report on Friday, August 8th. UBS Group boosted their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Wall Street Zen raised Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Citizens Jmp assumed coverage on Cushman & Wakefield in a report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price objective on the stock. Finally, JMP Securities increased their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned 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 $15.13.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the sale, the director directly owned 46,498 shares in the company, valued at $744,897.96. This trade represents a 12.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

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.