Kennedy Capital Management LLC Buys 397,943 Shares of Cushman & Wakefield PLC $CWK

Kennedy Capital Management LLC raised its stake in Cushman & Wakefield PLC (NYSE:CWK) by 83.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 877,200 shares of the company’s stock after purchasing an additional 397,943 shares during the quarter. Kennedy Capital Management LLC’s holdings in Cushman & Wakefield were worth $14,202,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CWK. Channing Capital Management LLC bought a new position in shares of Cushman & Wakefield in the 3rd quarter worth $55,665,000. Balyasny Asset Management L.P. increased its holdings in shares of Cushman & Wakefield by 128.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after buying an additional 1,620,143 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Cushman & Wakefield by 374.6% in the 3rd quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock worth $27,320,000 after buying an additional 1,354,476 shares during the last quarter. Norges Bank bought a new position in shares of Cushman & Wakefield in the 4th quarter worth $14,512,000. Finally, Bessemer Group Inc. increased its holdings in shares of Cushman & Wakefield by 62,083.6% in the 4th quarter. Bessemer Group Inc. now owns 871,814 shares of the company’s stock worth $14,115,000 after buying an additional 870,412 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Insider Activity

In other news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total value of $328,971.00. Following the completion of the sale, the insider owned 70,876 shares of the company’s stock, valued at approximately $939,107. This represents a 25.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CWK shares. Weiss Ratings lowered shares of Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Wall Street Zen lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Barclays decreased their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cushman & Wakefield has a consensus rating of “Hold” and an average target price of $18.00.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock opened at $13.50 on Monday. Cushman & Wakefield PLC has a 52-week low of $10.14 and a 52-week high of $17.40. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 42.19 and a beta of 1.45. The company has a fifty day moving average of $13.44 and a 200-day moving average of $14.36. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Equities research analysts expect that Cushman & Wakefield PLC will post 1.44 EPS for the current year.

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.