Janus Henderson Group PLC Grows Position in Cushman & Wakefield PLC $CWK

Janus Henderson Group PLC grew its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 9.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,786,205 shares of the company’s stock after buying an additional 152,647 shares during the quarter. Janus Henderson Group PLC’s holdings in Cushman & Wakefield were worth $21,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CWK. Dimensional Fund Advisors LP lifted its stake in Cushman & Wakefield by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock worth $162,424,000 after purchasing an additional 397,892 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Cushman & Wakefield in the third quarter valued at approximately $3,538,000. Bessemer Group Inc. grew its position in shares of Cushman & Wakefield by 62,083.6% in the fourth quarter. Bessemer Group Inc. now owns 871,814 shares of the company’s stock valued at $14,115,000 after purchasing an additional 870,412 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Cushman & Wakefield by 27.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 649,886 shares of the company’s stock valued at $10,294,000 after purchasing an additional 141,800 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Cushman & Wakefield by 308.2% in the fourth quarter. Ritholtz Wealth Management now owns 191,542 shares of the company’s stock valued at $3,101,000 after purchasing an additional 144,622 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings raised Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a “buy” rating in a research note on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $13.60 on Tuesday. The firm has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $13.64. Cushman & Wakefield PLC has a 1-year low of $11.56 and a 1-year high of $17.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 42.51 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. On average, analysts expect that Cushman & Wakefield PLC will post 1.45 EPS for the current year.

Insiders Place Their Bets

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the sale, the insider owned 70,876 shares of the company’s stock, valued at $939,107. This trade represents a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.74% of the company’s stock.

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.