Versor Investments LP Acquires 5,447 Shares of Cushman & Wakefield PLC $CWK

Versor Investments LP raised its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 49.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,447 shares of the company’s stock after acquiring an additional 5,447 shares during the quarter. Versor Investments LP’s holdings in Cushman & Wakefield were worth $182,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Cushman & Wakefield by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company’s stock worth $13,367,000 after buying an additional 32,795 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Cushman & Wakefield in the 1st quarter valued at about $333,000. Nuveen LLC bought a new position in Cushman & Wakefield in the 1st quarter worth about $11,086,000. Entropy Technologies LP purchased a new position in shares of Cushman & Wakefield during the first quarter worth approximately $242,000. Finally, Raymond James Financial Inc. raised its stake in shares of Cushman & Wakefield by 4.3% during the first quarter. Raymond James Financial Inc. now owns 2,070,020 shares of the company’s stock valued at $21,155,000 after acquiring an additional 84,998 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Shares of CWK stock opened at $15.70 on Friday. The company has a market cap of $3.64 billion, a P/E ratio of 16.36 and a beta of 1.56. 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 stock’s 50-day moving average is $15.99 and its 200 day moving average is $13.05. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $17.33.

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, beating analysts’ consensus estimates of $0.28 by $0.01. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the business earned $0.23 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. Research analysts predict that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the sale, the director directly owned 46,498 shares in the company, valued at $744,897.96. This trade represents a 12.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CWK. Wall Street Zen cut Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group raised Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price target on the stock in a research report on Friday, August 8th. Citigroup restated an “outperform” rating on shares of Cushman & Wakefield in a research note on Monday. Citizens Jmp upped their price objective on shares of Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, October 8th. 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 has an average rating of “Moderate Buy” and a consensus target price of $16.63.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.