Lazard Asset Management LLC Decreases Stock Holdings in Cushman & Wakefield PLC $CWK

Lazard Asset Management LLC reduced its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 90.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 13,656 shares of the company’s stock after selling 135,340 shares during the quarter. Lazard Asset Management LLC’s holdings in Cushman & Wakefield were worth $167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Royal Bank of Canada raised its stake in Cushman & Wakefield by 39.6% during the first quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock valued at $1,007,000 after purchasing an additional 27,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cushman & Wakefield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after buying an additional 5,929 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Cushman & Wakefield in the 1st quarter worth about $139,000. Jane Street Group LLC increased its holdings in shares of Cushman & Wakefield by 1,821.3% in the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after buying an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Cushman & Wakefield during the 1st quarter valued at about $218,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the transaction, the insider directly owned 70,876 shares in the company, valued at approximately $939,107. This represents a 25.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CWK. The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. Weiss Ratings raised Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Cushman & Wakefield Stock Up 1.0%

NYSE CWK opened at $13.79 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average of $13.36 and a two-hundred day moving average of $13.58. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 47.56 and a beta of 1.43. Cushman & Wakefield PLC has a 52 week low of $11.56 and a 52 week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The business had revenue of $2.76 billion for the quarter. On average, analysts predict that Cushman & Wakefield PLC will post 1.44 earnings per share 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.