Xponance Inc. Buys 1,423 Shares of Cushman & Wakefield plc (NYSE:CWK)

Xponance Inc. lifted its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 9.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,484 shares of the company’s stock after buying an additional 1,423 shares during the period. Xponance Inc.’s holdings in Cushman & Wakefield were worth $216,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vaughan Nelson Investment Management L.P. raised its position in Cushman & Wakefield by 9.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock worth $163,164,000 after purchasing an additional 1,094,260 shares during the last quarter. State Street Corp raised its position in shares of Cushman & Wakefield by 9.8% during the third quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after acquiring an additional 756,966 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cushman & Wakefield by 7.5% during the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after acquiring an additional 395,652 shares during the last quarter. Channing Capital Management LLC acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at $61,732,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cushman & Wakefield by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company’s stock valued at $52,683,000 after acquiring an additional 52,178 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Stock Down 2.6 %

Cushman & Wakefield stock opened at $10.20 on Friday. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 18.54 and a beta of 1.40. The company’s 50 day simple moving average is $12.16 and its 200 day simple moving average is $13.12. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, sell-side analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group dropped their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a report on Wednesday, March 19th. Citigroup dropped their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. raised their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.10.

About Cushman & Wakefield

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.