Dimensional Fund Advisors LP Raises Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Dimensional Fund Advisors LP raised its stake in Cushman & Wakefield plc (NYSE:CWK) by 23.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,173,171 shares of the company’s stock after buying an additional 1,910,212 shares during the period. Dimensional Fund Advisors LP owned approximately 4.44% of Cushman & Wakefield worth $105,802,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CWK. CWM LLC increased its stake in shares of Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after purchasing an additional 2,080 shares in the last quarter. Pale Fire Capital SE purchased a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $108,000. nVerses Capital LLC purchased a new position in shares of Cushman & Wakefield during the 2nd quarter worth approximately $116,000. Beacon Pointe Advisors LLC purchased a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $130,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Cushman & Wakefield during the 2nd quarter worth approximately $172,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CWK shares. JPMorgan Chase & Co. raised their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Raymond James raised their target price on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.80.

Cushman & Wakefield Stock Up 0.5 %

Shares of CWK opened at $13.50 on Tuesday. The firm has a market cap of $3.09 billion, a PE ratio of 337.38 and a beta of 1.31. The company’s fifty day moving average is $12.84 and its two-hundred day moving average is $11.23. Cushman & Wakefield plc has a fifty-two week low of $6.24 and a fifty-two week high of $13.93. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.63 billion. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. Cushman & Wakefield’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. Analysts forecast that Cushman & Wakefield plc will post 0.87 earnings per share for the current year.

Cushman & Wakefield Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.