Cushman & Wakefield plc (NYSE:CWK) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 158.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,558,402 shares of the company’s stock after purchasing an additional 5,245,698 shares during the period. Franklin Resources Inc.’s holdings in Cushman & Wakefield were worth $106,638,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Keybank National Association OH lifted its position in shares of Cushman & Wakefield by 3.3% during the 4th quarter. Keybank National Association OH now owns 25,203 shares of the company’s stock valued at $314,000 after acquiring an additional 795 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its position in shares of Cushman & Wakefield by 3.5% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 31,572 shares of the company’s stock valued at $648,000 after acquiring an additional 1,055 shares during the last quarter. FourThought Financial LLC lifted its position in shares of Cushman & Wakefield by 58.0% during the 3rd quarter. FourThought Financial LLC now owns 4,096 shares of the company’s stock valued at $47,000 after acquiring an additional 1,503 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Cushman & Wakefield by 3.9% during the 4th quarter. Arizona State Retirement System now owns 41,392 shares of the company’s stock valued at $516,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Bayesian Capital Management LP lifted its position in shares of Cushman & Wakefield by 19.8% during the 3rd quarter. Bayesian Capital Management LP now owns 12,700 shares of the company’s stock valued at $145,000 after acquiring an additional 2,100 shares during the last quarter. 83.23% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Down 1.0 %

Shares of NYSE:CWK opened at $7.74 on Friday. The stock has a market capitalization of $1.76 billion, a PE ratio of 23.46 and a beta of 1.33. Cushman & Wakefield plc has a 1 year low of $7.16 and a 1 year high of $19.15. The firm has a fifty day moving average price of $9.24 and a 200 day moving average price of $11.47. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.04.

Cushman & Wakefield (NYSE:CWK – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.23). Cushman & Wakefield had a net margin of 0.74% and a return on equity of 20.99%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. Analysts expect that Cushman & Wakefield plc will post 1.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $10.00 in a research note on Monday, April 17th. The Goldman Sachs Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “neutral” rating and cut their target price for the company from $15.50 to $11.00 in a research note on Monday, April 10th. Credit Suisse Group cut their target price on shares of Cushman & Wakefield from $15.00 to $9.00 in a research note on Friday, May 19th. TheStreet downgraded shares of Cushman & Wakefield from a “c” rating to a “d” rating in a research note on Thursday, May 4th. Finally, Wolfe Research downgraded shares of Cushman & Wakefield from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 31st. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.40.

Cushman & Wakefield Profile

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Cushman & Wakefield Plc engages in the provision of commercial real estate services It operates through the following geographical segments: Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.