Bessemer Group Inc. Grows Position in Cushman & Wakefield PLC $CWK

Bessemer Group Inc. lifted its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 62,083.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 871,814 shares of the company’s stock after purchasing an additional 870,412 shares during the quarter. Bessemer Group Inc.’s holdings in Cushman & Wakefield were worth $14,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Cushman & Wakefield by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock worth $174,000 after purchasing an additional 600 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Cushman & Wakefield by 12.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock worth $99,000 after purchasing an additional 667 shares during the period. Amalgamated Bank grew its holdings in shares of Cushman & Wakefield by 1.2% during the 3rd quarter. Amalgamated Bank now owns 66,655 shares of the company’s stock worth $1,061,000 after purchasing an additional 821 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Cushman & Wakefield by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,029 shares of the company’s stock worth $859,000 after purchasing an additional 900 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Cushman & Wakefield by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 68,492 shares of the company’s stock worth $1,090,000 after purchasing an additional 995 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $13.52, for a total value of $135,200.00. Following the transaction, the insider owned 95,704 shares in the company, valued at approximately $1,293,918.08. This represents a 9.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CWK shares. Barclays lowered their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Monday, February 9th. Wall Street Zen lowered Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Cushman & Wakefield Trading Down 2.9%

CWK opened at $12.45 on Friday. Cushman & Wakefield PLC has a one year low of $9.43 and a one year high of $17.40. The company has a market cap of $2.92 billion, a P/E ratio of 38.90 and a beta of 1.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50-day simple moving average is $13.14 and its 200-day simple moving average is $14.75.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Cushman & Wakefield PLC will post 1.44 EPS for the current fiscal 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.