Cushman & Wakefield PLC $CWK Shares Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. raised its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 18.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,003,931 shares of the company’s stock after buying an additional 1,242,632 shares during the quarter. Eurizon Capital SGR S.p.A. owned about 3.41% of Cushman & Wakefield worth $94,450,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc increased its holdings in shares of Cushman & Wakefield by 21.7% during the second quarter. Versant Capital Management Inc now owns 4,464 shares of the company’s stock valued at $60,000 after acquiring an additional 795 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Cushman & Wakefield by 18.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,629 shares of the company’s stock valued at $90,000 after purchasing an additional 1,188 shares during the last quarter. GAMMA Investing LLC boosted its stake in Cushman & Wakefield by 33.9% in the 3rd quarter. GAMMA Investing LLC now owns 8,606 shares of the company’s stock worth $102,000 after purchasing an additional 2,177 shares in the last quarter. AlphaCore Capital LLC boosted its stake in Cushman & Wakefield by 12.7% in the 3rd quarter. AlphaCore Capital LLC now owns 11,344 shares of the company’s stock worth $134,000 after purchasing an additional 1,275 shares in the last quarter. Finally, Integrity Alliance LLC. acquired a new stake in Cushman & Wakefield in the 3rd quarter worth approximately $148,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

CWK has been the topic of several research analyst reports. Citigroup reissued a “market outperform” rating on shares of Cushman & Wakefield in a research report on Thursday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a report on Tuesday, November 3rd. Morgan Stanley lowered their price objective on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Zacks Research lowered shares of Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of Cushman & Wakefield from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.86.

Cushman & Wakefield Stock Performance

CWK opened at $13.49 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.15. Cushman & Wakefield PLC has a 12-month low of $10.88 and a 12-month high of $17.40. The firm has a 50 day moving average of $12.55 and a two-hundred day moving average of $13.29. The firm has a market capitalization of $3.17 billion, a PE ratio of 9.77 and a beta of 1.53.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.78 billion. Cushman & Wakefield had a net margin of 0.63% and a return on equity of 16.60%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. On average, analysts anticipate that Cushman & Wakefield PLC will post 1.47 EPS for the current year.

Insider Activity

In related news, insider Nathaniel Robinson sold 12,500 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total transaction of $167,375.00. Following the completion of the transaction, the insider owned 58,376 shares of the company’s stock, valued at $781,654.64. This trade represents a 17.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.74% of the stock is currently owned by company insiders.

Cushman & Wakefield Profile

Cushman & Wakefield (NYSE: CWK) is a global commercial real estate services firm that advises property owners, occupiers, investors and developers. Its services include leasing and sales brokerage, capital markets, property and facilities management, valuation, project management and real estate consulting. The company serves clients across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Its history traces back to Cushman & Wakefield’s founding in 1917, and the current company took shape in 2015 following the combination of Cushman & Wakefield and DTZ.