Cushman & Wakefield plc (NYSE:CWK) Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,642,784 shares of the company’s stock after acquiring an additional 63,822 shares during the period. Bank of New York Mellon Corp owned 0.72% of Cushman & Wakefield worth $21,488,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its position in shares of Cushman & Wakefield by 9.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock valued at $163,164,000 after buying an additional 1,094,260 shares during the last quarter. State Street Corp raised its holdings in shares of Cushman & Wakefield by 9.8% during the third quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after acquiring an additional 756,966 shares during the period. Geode Capital Management LLC increased its stake in Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after buying an additional 395,652 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Cushman & Wakefield by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after acquiring an additional 301,186 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of Cushman & Wakefield by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 2,534,105 shares of the company’s stock worth $34,591,000 after buying an additional 84,002 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CWK. JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.00.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $11.15 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The company has a market capitalization of $2.56 billion, a PE ratio of 20.27 and a beta of 1.40. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11. The company has a 50-day simple moving average of $12.71 and a 200 day simple moving average of $13.35.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, research analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Cushman & Wakefield Company Profile

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.