Natixis Advisors L.P. Buys New Stake in Cushman & Wakefield plc (NYSE:CWK)

Natixis Advisors L.P. bought a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,746 shares of the company's stock, valued at approximately $1,627,000. Natixis Advisors L.P. owned about 0.07% of Cushman & Wakefield as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DigitalBridge Group Inc. bought a new position in Cushman & Wakefield during the 3rd quarter worth approximately $7,473,000. FMR LLC grew its position in Cushman & Wakefield by 3.9% in the 3rd quarter. FMR LLC now owns 22,232,050 shares of the company's stock valued at $169,408,000 after purchasing an additional 834,176 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Cushman & Wakefield during the 4th quarter worth $8,742,000. Vanguard Group Inc. boosted its holdings in Cushman & Wakefield by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 26,579,988 shares of the company's stock worth $202,540,000 after acquiring an additional 665,070 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Cushman & Wakefield by 822.3% during the 3rd quarter. Deutsche Bank AG now owns 648,593 shares of the company's stock worth $4,942,000 after acquiring an additional 578,266 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CWK shares. Wolfe Research reaffirmed a "peer perform" rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Raymond James cut Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 price objective on the stock. in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group began coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a "buy" rating and a $13.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.08.

Insider Transactions at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 40,000 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was 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 owns 40,427 shares of the company's stock, valued at $403,865.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Nathaniel Robinson sold 40,000 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was 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 owns 40,427 shares of the company's stock, valued at $403,865.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $75,338,451.96. Following the completion of the sale, the insider now directly 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. 1.01% of the stock is owned by insiders.

Cushman & Wakefield Price Performance

Shares of CWK traded up $0.48 during midday trading on Wednesday, hitting $11.36. 3,576,930 shares of the company traded hands, compared to its average volume of 2,047,321. The stock has a 50-day moving average of $10.01 and a 200-day moving average of $9.74. Cushman & Wakefield plc has a one year low of $6.24 and a one year high of $11.76. The firm has a market cap of $2.60 billion, a P/E ratio of 284.00 and a beta of 1.33. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13 and a quick ratio of 1.13.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $1.78 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The company's revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts predict that Cushman & Wakefield plc will post 0.97 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.