Channing Capital Management LLC Acquires Shares of 4,719,558 Cushman & Wakefield plc (NYSE:CWK)

Channing Capital Management LLC acquired a new stake in Cushman & Wakefield plc (NYSE:CWK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,719,558 shares of the company’s stock, valued at approximately $61,732,000. Channing Capital Management LLC owned 2.06% of Cushman & Wakefield at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after acquiring an additional 395,652 shares during the period. New York State Teachers Retirement System grew its position in shares of Cushman & Wakefield by 3.7% in the fourth quarter. New York State Teachers Retirement System now owns 119,198 shares of the company’s stock valued at $1,559,000 after purchasing an additional 4,267 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Cushman & Wakefield during the third quarter worth approximately $4,942,000. State Street Corp lifted its holdings in Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after purchasing an additional 756,966 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in Cushman & Wakefield in the 3rd quarter valued at $150,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Down 0.5 %

Shares of NYSE CWK opened at $11.15 on Tuesday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 20.27 and a beta of 1.40. The stock’s fifty day moving average is $12.71 and its 200 day moving average is $13.35. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11. 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 (NYSE:CWK) last released its earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Sell-side analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWK has been the topic of several recent research reports. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group lowered their price target on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.00.

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.