Wolverine Trading LLC Makes New Investment in Cushman & Wakefield plc (NYSE:CWK)

Wolverine Trading LLC bought a new position in Cushman & Wakefield plc (NYSE:CWK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,070 shares of the company’s stock, valued at approximately $165,000.

Other institutional investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its position in Cushman & Wakefield by 83.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after buying an additional 5,171,340 shares during the period. Victory Capital Management Inc. grew its position in Cushman & Wakefield by 31.2% during the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock valued at $108,108,000 after purchasing an additional 2,469,831 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after buying an additional 1,910,212 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Cushman & Wakefield by 737.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock worth $27,023,000 after buying an additional 1,745,986 shares in the last quarter. Finally, Granite Investment Partners LLC acquired a new stake in shares of Cushman & Wakefield during the 2nd quarter valued at $13,998,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CWK has been the subject of a number of research reports. 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 report on Monday. The Goldman Sachs Group started coverage on Cushman & Wakefield in a research note on Friday, December 6th. They issued a “sell” rating and a $15.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.25.

Cushman & Wakefield Trading Up 1.0 %

Cushman & Wakefield stock opened at $15.02 on Tuesday. Cushman & Wakefield plc has a one year low of $9.24 and a one year high of $16.11. The company’s fifty day moving average price is $14.07 and its two-hundred day moving average price is $12.80. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 40.59 and a beta of 1.32.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts forecast that Cushman & Wakefield plc will post 0.88 earnings per share for the current fiscal year.

Cushman & Wakefield Company 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.