Boston Partners Purchases New Position in Cushman & Wakefield plc (NYSE:CWK)

Boston Partners purchased a new stake in Cushman & Wakefield plc (NYSE:CWK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 47,241 shares of the company’s stock, valued at approximately $618,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after buying an additional 2,691 shares during the last quarter. Blue Trust Inc. increased its position in shares of 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 in the last quarter. Ieq Capital LLC purchased a new stake in shares of Cushman & Wakefield during the fourth quarter worth approximately $135,000. Walleye Capital LLC acquired a new position in Cushman & Wakefield in the 3rd quarter valued at $150,000. Finally, Jones Financial Companies Lllp raised its stake in Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock valued at $146,000 after purchasing an additional 6,600 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Down 1.5 %

Shares of CWK stock opened at $10.42 on Friday. The company’s 50-day moving average price is $12.37 and its 200-day moving average price is $13.19. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 18.94 and a beta of 1.40. Cushman & Wakefield plc has a twelve month low of $9.24 and a twelve month 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, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. As a group, equities analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price 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. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. Citigroup lowered their target price on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, The Goldman Sachs Group cut their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.10.

Cushman & Wakefield 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.