Great Lakes Advisors LLC Buys 345,050 Shares of Cushman & Wakefield plc (NYSE:CWK)

Great Lakes Advisors LLC boosted its stake in Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 1,047.1% in the 1st quarter, Holdings Channel reports. The firm owned 378,003 shares of the company’s stock after acquiring an additional 345,050 shares during the quarter. Great Lakes Advisors LLC’s holdings in Cushman & Wakefield were worth $7,753,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. WCM Investment Management LLC boosted its stake in Cushman & Wakefield by 2.5% in the 1st quarter. WCM Investment Management LLC now owns 1,859,728 shares of the company’s stock worth $38,143,000 after purchasing an additional 44,987 shares during the period. Royce & Associates LP boosted its stake in Cushman & Wakefield by 20.4% in the 1st quarter. Royce & Associates LP now owns 991,996 shares of the company’s stock worth $20,346,000 after purchasing an additional 168,335 shares during the period. New York State Common Retirement Fund boosted its stake in Cushman & Wakefield by 4.8% in the 1st quarter. New York State Common Retirement Fund now owns 99,353 shares of the company’s stock worth $2,038,000 after purchasing an additional 4,587 shares during the period. Russell Investments Group Ltd. bought a new position in Cushman & Wakefield in the 1st quarter worth about $859,000. Finally, Advisor Group Holdings Inc. boosted its stake in Cushman & Wakefield by 3,128.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock worth $46,000 after purchasing an additional 2,221 shares during the period. Institutional investors own 82.33% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $15.88 on Friday. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 10.11 and a beta of 1.40. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.09. Cushman & Wakefield plc has a 1-year low of $13.90 and a 1-year high of $23.54. The stock’s 50-day moving average is $15.89 and its 200 day moving average is $18.52.

Cushman & Wakefield (NYSE:CWK – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Cushman & Wakefield had a return on equity of 33.11% and a net margin of 3.52%. Cushman & Wakefield’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. On average, sell-side analysts anticipate that Cushman & Wakefield plc will post 2.33 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 15,231 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $17.58, for a total transaction of $267,760.98. Following the transaction, the insider now directly owns 22,580 shares of the company’s stock, valued at approximately $396,956.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Drone Holding Gp I. Ltd Pagac sold 2,156,391 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $18.39, for a total transaction of $39,656,030.49. Following the transaction, the insider now directly owns 25,717,475 shares in the company, valued at approximately $472,944,365.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Nathaniel Robinson sold 15,231 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $17.58, for a total value of $267,760.98. Following the transaction, the insider now owns 22,580 shares in the company, valued at $396,956.40. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley lowered their price target on Cushman & Wakefield from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Citigroup lowered their price target on Cushman & Wakefield from $23.00 to $21.00 in a report on Thursday, April 21st. Finally, Raymond James lowered their price target on Cushman & Wakefield from $38.00 to $32.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 26th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $24.50.

Cushman & Wakefield Profile

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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.