Vaughan Nelson Investment Management L.P. Increases Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Vaughan Nelson Investment Management L.P. boosted its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 83.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,380,120 shares of the company’s stock after purchasing an additional 5,171,340 shares during the period. Cushman & Wakefield makes up 1.4% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 20th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in Cushman & Wakefield were worth $155,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares in the last quarter. CWM LLC grew its stake in Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after purchasing an additional 2,080 shares in the last quarter. GAMMA Investing LLC increased its holdings in Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after purchasing an additional 1,629 shares during the last quarter. Profund Advisors LLC acquired a new position in shares of Cushman & Wakefield in the 2nd quarter valued at approximately $105,000. Finally, KBC Group NV boosted its stake in shares of Cushman & Wakefield by 31.7% during the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after buying an additional 1,915 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $13.84 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield plc has a 12-month low of $8.09 and a 12-month high of $16.11. The business’s fifty day moving average price is $13.41 and its 200 day moving average price is $12.19. The stock has a market capitalization of $3.18 billion, a PE ratio of 37.41 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. Equities research analysts forecast that Cushman & Wakefield plc will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

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

Cushman & Wakefield 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.