Mutual Advisors LLC Invests $526,000 in Cushman & Wakefield PLC $CWK

Mutual Advisors LLC purchased a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 44,318 shares of the company’s stock, valued at approximately $526,000.

Several other large investors also recently modified their holdings of CWK. EP Wealth Advisors LLC purchased a new position in Cushman & Wakefield in the 1st quarter valued at approximately $102,000. DRW Securities LLC bought a new position in shares of Cushman & Wakefield in the first quarter worth $109,000. Sage Rhino Capital LLC purchased a new position in shares of Cushman & Wakefield in the second quarter valued at $115,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Cushman & Wakefield in the second quarter valued at $129,000. Finally, United Services Automobile Association purchased a new position in shares of Cushman & Wakefield in the first quarter valued at $139,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Insider Transactions at Cushman & Wakefield

In related news, Director Angela Sun sold 6,800 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the transaction, the director directly owned 46,498 shares in the company, valued at approximately $744,897.96. The trade was a 12.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CWK has been the subject of several recent research reports. Citizens Jmp initiated coverage on Cushman & Wakefield in a research report on Monday, July 21st. They issued a “strong-buy” rating and a $15.00 price target for the company. The Goldman Sachs Group upgraded Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price target for the company in a research report on Friday, August 8th. UBS Group lifted their price target on Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. lifted their price target on Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. Finally, Zacks Research upgraded Cushman & Wakefield from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Cushman & Wakefield presently has an average rating of “Moderate Buy” and a consensus target price of $15.75.

Cushman & Wakefield Stock Down 0.2%

CWK opened at $15.74 on Monday. The company has a fifty day moving average price of $15.67 and a 200-day moving average price of $12.26. The firm has a market capitalization of $3.65 billion, a P/E ratio of 17.89 and a beta of 1.51. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $17.04.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 EPS. Equities research analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

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.