Intech Investment Management LLC Has $14.12 Million Stake in Cushman & Wakefield PLC $CWK

Intech Investment Management LLC decreased its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 5.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 871,885 shares of the company’s stock after selling 49,880 shares during the quarter. Intech Investment Management LLC owned 0.38% of Cushman & Wakefield worth $14,116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CWK. Royal Bank of Canada raised its stake in Cushman & Wakefield by 39.6% in the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock worth $1,007,000 after purchasing an additional 27,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cushman & Wakefield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after purchasing an additional 5,929 shares in the last quarter. United Services Automobile Association acquired a new stake in Cushman & Wakefield in the 1st quarter worth about $139,000. Jane Street Group LLC raised its stake in Cushman & Wakefield by 1,821.3% in the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after purchasing an additional 264,855 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Cushman & Wakefield in the 1st quarter worth about $218,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

CWK has been the subject of several analyst reports. Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research report on Monday, February 9th. The Goldman Sachs Group set a $17.00 target price on shares of Cushman & Wakefield and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Cushman & Wakefield in a research report on Friday, May 22nd. Barclays dropped their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Finally, Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Insider Activity

In other news, insider Nathaniel Robinson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $13.52, for a total value of $135,200.00. Following the transaction, the insider owned 95,704 shares in the company, valued at approximately $1,293,918.08. The trade was a 9.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.74% of the company’s stock.

Cushman & Wakefield Trading Down 2.2%

CWK opened at $12.47 on Friday. Cushman & Wakefield PLC has a fifty-two week low of $9.68 and a fifty-two week high of $17.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 38.98 and a beta of 1.50. The company’s 50 day moving average price is $13.21 and its two-hundred day moving average price is $14.53.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, research analysts predict that Cushman & Wakefield PLC will post 1.44 earnings per share for the current year.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.