Voya Investment Management LLC Trims Stock Holdings in Cushman & Wakefield PLC $CWK

Voya Investment Management LLC lessened its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,375 shares of the company’s stock after selling 40,742 shares during the quarter. Voya Investment Management LLC owned approximately 0.08% of Cushman & Wakefield worth $2,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after purchasing an additional 1,321 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Cushman & Wakefield by 85.9% in the second quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after buying an additional 2,012 shares during the last quarter. CENTRAL TRUST Co acquired a new position in shares of Cushman & Wakefield in the second quarter valued at approximately $50,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Cushman & Wakefield by 48.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock valued at $64,000 after buying an additional 1,900 shares during the period. Finally, GAMMA Investing LLC boosted its position in Cushman & Wakefield by 18.3% during the third quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock worth $89,000 after acquiring an additional 867 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CWK. Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, November 20th. UBS Group raised their price objective on Cushman & Wakefield from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. JMP Securities set a $19.00 target price on Cushman & Wakefield in a research note on Monday, November 3rd. Barclays assumed coverage on Cushman & Wakefield in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $18.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Cushman & Wakefield has an average rating of “Hold” and a consensus price target of $17.44.

Cushman & Wakefield Trading Up 0.2%

CWK stock opened at $16.56 on Friday. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 17.24 and a beta of 1.46. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. The business has a fifty day simple moving average of $15.97 and a 200-day simple moving average of $14.53. Cushman & Wakefield PLC has a 52 week low of $7.64 and a 52 week high of $17.33.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Cushman & Wakefield had a return on equity of 14.69% and a net margin of 2.23%.The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, equities research analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Cushman & Wakefield Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.