Olstein Capital Management L.P. Has $1.94 Million Position in Cushman & Wakefield plc (NYSE:CWK)

Olstein Capital Management L.P. lowered its holdings in Cushman & Wakefield plc (NYSE:CWK) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,000 shares of the company’s stock after selling 23,000 shares during the quarter. Olstein Capital Management L.P. owned 0.06% of Cushman & Wakefield worth $1,936,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CWK. Amalgamated Bank raised its holdings in shares of Cushman & Wakefield by 18.1% in the 2nd quarter. Amalgamated Bank now owns 61,192 shares of the company’s stock worth $636,000 after buying an additional 9,399 shares in the last quarter. Hsbc Holdings PLC grew its position in Cushman & Wakefield by 18.6% in the second quarter. Hsbc Holdings PLC now owns 21,807 shares of the company’s stock valued at $228,000 after acquiring an additional 3,426 shares during the period. XTX Topco Ltd raised its stake in Cushman & Wakefield by 52.6% during the second quarter. XTX Topco Ltd now owns 18,946 shares of the company’s stock worth $197,000 after acquiring an additional 6,531 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Cushman & Wakefield by 2.5% during the second quarter. Sei Investments Co. now owns 675,141 shares of the company’s stock valued at $7,021,000 after acquiring an additional 16,512 shares during the period. Finally, Profund Advisors LLC bought a new position in shares of Cushman & Wakefield during the second quarter valued at $105,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They set a “sell” rating and a $15.00 target price for the company. JPMorgan Chase & Co. raised their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Cushman & Wakefield Stock Up 0.6 %

Shares of NYSE CWK opened at $13.53 on Friday. Cushman & Wakefield plc has a 12-month low of $9.24 and a 12-month high of $16.11. The firm’s 50-day simple moving average is $13.81 and its 200 day simple moving average is $13.33. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 36.55 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. Cushman & Wakefield’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. On average, research analysts expect that Cushman & Wakefield plc will post 0.91 earnings per share 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.