809,430 Shares in Cushman & Wakefield plc (NYSE:CWK) Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. acquired a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 809,430 shares of the company's stock, valued at approximately $8,742,000. Vaughan Nelson Investment Management L.P. owned 0.36% of Cushman & Wakefield at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors Inc. grew its position in shares of Cushman & Wakefield by 4.2% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 23,221 shares of the company's stock valued at $289,000 after acquiring an additional 937 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Cushman & Wakefield by 108.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,500 shares of the company's stock worth $26,000 after buying an additional 1,300 shares during the period. Mariner LLC boosted its holdings in shares of Cushman & Wakefield by 5.7% during the 3rd quarter. Mariner LLC now owns 25,253 shares of the company's stock worth $192,000 after buying an additional 1,355 shares during the period. Royal Bank of Canada boosted its holdings in shares of Cushman & Wakefield by 3.8% during the 3rd quarter. Royal Bank of Canada now owns 40,094 shares of the company's stock worth $305,000 after buying an additional 1,485 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in shares of Cushman & Wakefield by 11.4% during the 1st quarter. Guggenheim Capital LLC now owns 17,500 shares of the company's stock worth $184,000 after buying an additional 1,790 shares during the period. Institutional investors own 95.56% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded shares of Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 target price for the company. in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cushman & Wakefield currently has an average rating of "Hold" and a consensus price target of $10.75.

Insider Activity

In other news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the transaction, the insider now directly owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Nathaniel Robinson sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the transaction, the insider now directly owns 40,427 shares in the company, valued at approximately $403,865.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the transaction, the insider now owns 17,098,001 shares of the company's stock, valued at $166,534,529.74. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company's stock.

Cushman & Wakefield Stock Performance

NYSE CWK traded up $0.39 during trading on Friday, reaching $10.70. The company's stock had a trading volume of 2,366,851 shares, compared to its average volume of 1,701,458. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -62.94 and a beta of 1.34. Cushman & Wakefield plc has a 12 month low of $6.24 and a 12 month high of $11.76. The firm has a 50 day moving average price of $10.19 and a 200 day moving average price of $9.21.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. As a group, equities analysts anticipate that Cushman & Wakefield plc will post 0.99 EPS for the current fiscal year.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.