Cushman & Wakefield plc (NYSE:CWK) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in Cushman & Wakefield plc (NYSE:CWK) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,453,840 shares of the company’s stock after selling 648,559 shares during the period. Thrivent Financial for Lutherans’ holdings in Cushman & Wakefield were worth $71,336,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cibc World Markets Corp acquired a new stake in Cushman & Wakefield in the 4th quarter worth about $280,000. Natixis Advisors LLC boosted its stake in Cushman & Wakefield by 7.6% in the 4th quarter. Natixis Advisors LLC now owns 1,827,340 shares of the company’s stock worth $23,901,000 after buying an additional 129,806 shares during the last quarter. Vestcor Inc boosted its stake in Cushman & Wakefield by 316.7% in the 4th quarter. Vestcor Inc now owns 70,529 shares of the company’s stock worth $923,000 after buying an additional 53,602 shares during the last quarter. Swiss National Bank boosted its stake in Cushman & Wakefield by 0.6% in the 4th quarter. Swiss National Bank now owns 450,900 shares of the company’s stock worth $5,898,000 after buying an additional 2,700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Cushman & Wakefield by 19.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 836,188 shares of the company’s stock worth $10,937,000 after buying an additional 138,341 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CWK has been the topic of several research analyst reports. 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 note on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Citigroup reduced their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group reduced their price objective on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Hold” and an average price target of $14.40.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $10.48 on Wednesday. The stock’s 50 day moving average price is $12.46 and its 200 day moving average price is $13.25. The firm has a market capitalization of $2.41 billion, a PE ratio of 19.05 and a beta of 1.40. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield plc has a one year low of $9.24 and a one year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. As a group, sell-side analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Cushman & Wakefield 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.