First Trust Advisors LP Acquires New Stake in Cushman & Wakefield plc (NYSE:CWK)

First Trust Advisors LP acquired a new stake in shares of Cushman & Wakefield plc (NYSE:CWK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,042 shares of the company’s stock, valued at approximately $197,000.

Several other large investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in Cushman & Wakefield by 264.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after purchasing an additional 2,691 shares during the last quarter. Blue Trust Inc. lifted its stake in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after purchasing an additional 928 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock worth $94,000 after purchasing an additional 6,431 shares during the last quarter. Ieq Capital LLC bought a new stake in Cushman & Wakefield during the fourth quarter worth about $135,000. Finally, Jones Financial Companies Lllp lifted its stake in Cushman & Wakefield by 143.9% during the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock worth $146,000 after purchasing an additional 6,600 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CWK. The Goldman Sachs Group decreased their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a report on Wednesday, March 19th. Citigroup dropped their price target on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Morgan Stanley cut their target price on Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, UBS Group decreased their target price on Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.93.

Cushman & Wakefield Trading Down 0.1%

Shares of Cushman & Wakefield stock opened at $10.23 on Monday. The business has a 50-day moving average price of $9.66 and a 200-day moving average price of $12.21. Cushman & Wakefield plc has a twelve month low of $7.64 and a twelve month high of $16.11. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 18.60 and a beta of 1.37. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Cushman & Wakefield Company Profile

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.