Cushman & Wakefield PLC $CWK Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in Cushman & Wakefield PLC (NYSE:CWK) by 30.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 897,293 shares of the company’s stock after acquiring an additional 208,129 shares during the period. Federated Hermes Inc. owned 0.39% of Cushman & Wakefield worth $14,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Frontier Capital Management Co. LLC acquired a new stake in shares of Cushman & Wakefield in the 2nd quarter valued at about $51,764,000. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Cushman & Wakefield by 46.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company’s stock valued at $134,573,000 after acquiring an additional 3,842,859 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Cushman & Wakefield by 128.6% in the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after acquiring an additional 1,620,143 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Cushman & Wakefield by 416.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 574,541 shares of the company’s stock worth $6,360,000 after acquiring an additional 463,241 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in shares of Cushman & Wakefield in the 2nd quarter valued at $3,044,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Down 1.1%

Shares of Cushman & Wakefield stock opened at $16.44 on Friday. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $17.40. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day moving average price of $16.32 and a 200 day moving average price of $15.49. The company has a market capitalization of $3.81 billion, a P/E ratio of 17.13 and a beta of 1.47.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Cushman & Wakefield had a return on equity of 14.69% and a net margin of 2.23%.The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the business posted $0.23 earnings per share. Cushman & Wakefield’s revenue was up 11.2% compared to the same quarter last year. Sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CWK has been the topic of several recent research reports. Zacks Research cut Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Barclays restated a “positive” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, November 20th. Citizens Jmp lifted their target price on shares of Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a report on Monday, November 3rd. Finally, JMP Securities set a $19.00 price target on shares of Cushman & Wakefield in a research note on Monday, November 3rd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.56.

Cushman & Wakefield 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.