Intech Investment Management LLC Sells 49,880 Shares of Cushman & Wakefield PLC $CWK

Intech Investment Management LLC lessened its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 871,885 shares of the company’s stock after selling 49,880 shares during the quarter. Intech Investment Management LLC’s holdings in Cushman & Wakefield were worth $14,116,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CWK. Royal Bank of Canada increased its position in Cushman & Wakefield by 39.6% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 worth $1,393,000 after buying an additional 5,929 shares during the period. United Services Automobile Association bought a new position in Cushman & Wakefield in the first quarter worth approximately $139,000. Jane Street Group LLC boosted its holdings in Cushman & Wakefield by 1,821.3% in the first quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after acquiring an additional 264,855 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Cushman & Wakefield in the first quarter valued at approximately $218,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nathaniel Robinson sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $13.52, for a total value of $135,200.00. Following the completion of the sale, the insider owned 95,704 shares in the company, valued at $1,293,918.08. This represents a 9.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.74% of the stock is currently owned by insiders.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $12.47 on Friday. Cushman & Wakefield PLC has a 1 year low of $9.68 and a 1 year high of $17.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 38.98 and a beta of 1.50. The company has a fifty day moving average price of $13.21 and a 200-day moving average price of $14.53.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Cushman & Wakefield PLC will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. 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 research report on Monday, February 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cushman & Wakefield in a research report on Friday, May 22nd. Wall Street Zen downgraded 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 objective on shares of Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Barclays decreased their target price 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. Five 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 company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

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.