Cushman & Wakefield PLC $CWK Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 135.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 180,645 shares of the company’s stock after acquiring an additional 103,968 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.08% of Cushman & Wakefield worth $2,876,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CWK. EverSource Wealth Advisors LLC grew its holdings in Cushman & Wakefield by 126.7% in the second 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 during the period. First Horizon Corp purchased a new position in shares of Cushman & Wakefield during the 3rd quarter valued at approximately $32,000. Osaic Holdings Inc. grew its stake in Cushman & Wakefield by 85.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after acquiring an additional 2,012 shares during the period. CENTRAL TRUST Co purchased a new stake in Cushman & Wakefield in the 2nd quarter worth $50,000. Finally, Nomura Asset Management Co. Ltd. raised its position in Cushman & Wakefield by 48.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock worth $64,000 after acquiring an additional 1,900 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

CWK stock opened at $16.44 on Friday. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $17.40. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $3.81 billion, a PE ratio of 17.13 and a beta of 1.47. The business has a 50 day simple moving average of $16.32 and a 200-day simple moving average of $15.46.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Thursday, October 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Cushman & Wakefield had a return on equity of 14.69% and a net margin of 2.23%.The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the business earned $0.23 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

CWK has been the subject of a number of research reports. UBS Group boosted their target price on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. JMP Securities set a $19.00 price objective on Cushman & Wakefield in a research note on Monday, November 3rd. Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Finally, Citizens Jmp increased their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cushman & Wakefield has an average rating of “Moderate Buy” and a consensus target price of $18.56.

About Cushman & Wakefield

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.