WCM Investment Management LLC Boosts Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

WCM Investment Management LLC lifted its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,915,865 shares of the company's stock after buying an additional 304,043 shares during the period. WCM Investment Management LLC owned approximately 0.84% of Cushman & Wakefield worth $21,075,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CWK. Thrivent Financial for Lutherans grew its stake in shares of Cushman & Wakefield by 258.8% during the first quarter. Thrivent Financial for Lutherans now owns 7,049,508 shares of the company's stock valued at $74,302,000 after acquiring an additional 5,084,634 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Cushman & Wakefield in the first quarter worth about $22,573,000. Capital Research Global Investors acquired a new stake in shares of Cushman & Wakefield in the first quarter valued at approximately $38,190,000. Dimensional Fund Advisors LP increased its stake in shares of Cushman & Wakefield by 47.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,515,078 shares of the company's stock valued at $58,126,000 after purchasing an additional 1,776,929 shares during the period. Finally, Norges Bank acquired a new stake in shares of Cushman & Wakefield in the fourth quarter valued at approximately $20,778,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWK has been the topic of a number of research analyst reports. Wolfe Research reiterated a "peer perform" rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Raymond James lowered shares of Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 price target on the stock. in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group started coverage on shares of Cushman & Wakefield in a research note on Wednesday. They issued a "buy" rating and a $13.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $11.08.

Insider Activity

In related news, 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 shares were sold at an average price of $9.74, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now directly owns 40,427 shares of the company's stock, valued at $403,865.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares of the company's stock, valued at approximately $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 Trading Down 0.2 %

Shares of NYSE CWK traded down $0.02 during midday trading on Friday, hitting $9.88. The stock had a trading volume of 1,846,995 shares, compared to its average volume of 1,866,121. The company's 50-day simple moving average is $10.16 and its 200 day simple moving average is $9.31. Cushman & Wakefield plc has a fifty-two week low of $6.24 and a fifty-two week high of $11.76. The firm has a market cap of $2.25 billion, a P/E ratio of -58.11 and a beta of 1.34. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.17 and a quick ratio of 1.17.

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

About Cushman & Wakefield

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.