Cushman & Wakefield plc (NYSE:CWK) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its position in Cushman & Wakefield plc (NYSE:CWK) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,446 shares of the company’s stock after selling 4,635 shares during the quarter. Moran Wealth Management LLC owned 0.08% of Cushman & Wakefield worth $2,360,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CWK. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cushman & Wakefield by 11.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,118 shares of the company’s stock worth $747,000 after purchasing an additional 5,647 shares during the period. Amundi lifted its position in shares of Cushman & Wakefield by 191.8% in the 4th quarter. Amundi now owns 117,774 shares of the company’s stock worth $1,436,000 after buying an additional 77,415 shares during the last quarter. Inceptionr LLC boosted its holdings in shares of Cushman & Wakefield by 44.6% in the 4th quarter. Inceptionr LLC now owns 44,517 shares of the company’s stock valued at $582,000 after buying an additional 13,736 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Cushman & Wakefield during the 4th quarter valued at about $25,964,000. Finally, Proficio Capital Partners LLC acquired a new stake in Cushman & Wakefield during the fourth quarter worth about $318,000. 95.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group decreased their target price on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a research note on Friday, February 21st. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Cushman & Wakefield has a consensus rating of “Hold” and a consensus price target of $15.00.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $11.16 on Wednesday. Cushman & Wakefield plc has a 12-month low of $9.24 and a 12-month high of $16.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 20.29 and a beta of 1.40. The business has a 50 day simple moving average of $12.67 and a 200 day simple moving average of $13.33.

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

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.