Cushman & Wakefield PLC $CWK Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. reduced its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,229,679 shares of the company’s stock after selling 167,855 shares during the period. Cushman & Wakefield comprises 1.5% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 15th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in Cushman & Wakefield were worth $149,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Cushman & Wakefield by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 12,740,993 shares of the company’s stock valued at $202,838,000 after purchasing an additional 280,136 shares during the period. State Street Corp lifted its holdings in shares of Cushman & Wakefield by 0.9% in the 2nd quarter. State Street Corp now owns 9,010,052 shares of the company’s stock valued at $99,741,000 after buying an additional 79,473 shares during the period. Frontier Capital Management Co. LLC purchased a new stake in shares of Cushman & Wakefield in the second quarter worth about $51,764,000. Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield in the third quarter worth about $55,665,000. Finally, Balyasny Asset Management L.P. grew its holdings in Cushman & Wakefield by 128.6% during the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after acquiring an additional 1,620,143 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $11.90 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $17.40. The business’s 50 day moving average is $13.83 and its two-hundred day moving average is $15.27. The company has a market capitalization of $2.76 billion, a P/E ratio of 31.31 and a beta of 1.49.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price target for the company in a report on Monday, February 9th. Barclays dropped their price objective on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Wall Street Zen cut shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Morgan Stanley reissued an “overweight” rating and set a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.06.

About Cushman & Wakefield

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.