Oliver Luxxe Assets LLC Takes $1.50 Million Position in Cushman & Wakefield plc (NYSE:CWK)

Oliver Luxxe Assets LLC acquired a new stake in shares of Cushman & Wakefield plc (NYSE:CWK) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 109,896 shares of the company’s stock, valued at approximately $1,498,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Cushman & Wakefield by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock worth $301,126,000 after acquiring an additional 1,110,076 shares during the period. Victory Capital Management Inc. boosted its stake in Cushman & Wakefield by 31.2% during the 2nd 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 position in shares of Cushman & Wakefield by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after purchasing an additional 1,910,212 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Cushman & Wakefield by 12.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company’s stock worth $64,571,000 after buying an additional 697,890 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Cushman & Wakefield by 18.8% in the first quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock valued at $46,032,000 after buying an additional 695,005 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Down 0.4 %

Shares of NYSE CWK opened at $12.49 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83. Cushman & Wakefield plc has a 12 month low of $6.24 and a 12 month high of $13.99. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 312.13 and a beta of 1.30. The business has a fifty day simple moving average of $12.91 and a 200-day simple moving average of $11.54.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. Sell-side analysts predict that Cushman & Wakefield plc will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About Cushman & Wakefield

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.