Sequoia Financial Advisors LLC Acquires New Shares in Cushman & Wakefield PLC $CWK

Sequoia Financial Advisors LLC acquired a new stake in Cushman & Wakefield PLC (NYSE:CWK) during the 4th quarter, Holdings Channel.com reports. The fund acquired 82,250 shares of the company’s stock, valued at approximately $1,332,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Cushman & Wakefield by 39.6% during the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock valued at $1,007,000 after buying an additional 27,940 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Cushman & Wakefield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock valued at $1,393,000 after buying an additional 5,929 shares during the period. United Services Automobile Association purchased a new stake in shares of Cushman & Wakefield during the 1st quarter valued at about $139,000. Jane Street Group LLC increased its position in shares of Cushman & Wakefield by 1,821.3% during the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock valued at $2,855,000 after purchasing an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Cushman & Wakefield during the 1st quarter valued at about $218,000. 95.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CWK shares. Morgan Stanley reaffirmed an “overweight” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research report on Friday, January 16th. Wall Street Zen lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays reduced their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Finally, Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $13.34 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. The business’s 50-day simple moving average is $13.18 and its two-hundred day simple moving average is $14.83. The stock has a market cap of $3.13 billion, a PE ratio of 41.69 and a beta of 1.50. Cushman & Wakefield PLC has a 52 week low of $9.43 and a 52 week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. As a group, analysts forecast that Cushman & Wakefield PLC will post 1.44 EPS for the current fiscal year.

Cushman & Wakefield Company 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.