Vaughan Nelson Investment Management L.P. Boosts Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Vaughan Nelson Investment Management L.P. boosted its position in Cushman & Wakefield plc (NYSE:CWK) by 83.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,380,120 shares of the company’s stock after purchasing an additional 5,171,340 shares during the quarter. Cushman & Wakefield comprises about 1.4% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 20th largest position. Vaughan Nelson Investment Management L.P. owned 4.96% of Cushman & Wakefield worth $155,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWK. Natixis Advisors LLC raised its position in shares of Cushman & Wakefield by 46.7% in the third quarter. Natixis Advisors LLC now owns 1,697,534 shares of the company’s stock valued at $23,137,000 after buying an additional 540,700 shares during the last quarter. Empowered Funds LLC raised its holdings in Cushman & Wakefield by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock valued at $153,000 after acquiring an additional 1,180 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Cushman & Wakefield by 10.5% during the 3rd quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock worth $205,000 after purchasing an additional 1,421 shares during the period. KBC Group NV boosted its holdings in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after purchasing an additional 1,915 shares during the last quarter. Finally, WCM Investment Management LLC boosted its holdings in shares of Cushman & Wakefield by 3.4% during the third quarter. WCM Investment Management LLC now owns 2,534,105 shares of the company’s stock worth $34,591,000 after purchasing an additional 84,002 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock opened at $13.84 on Friday. The business’s fifty day moving average price is $13.41 and its 200 day moving average price is $12.19. Cushman & Wakefield plc has a twelve month low of $8.09 and a twelve month high of $16.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $3.18 billion, a P/E ratio of 37.41 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. As a group, research analysts anticipate that Cushman & Wakefield plc will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.