Federated Hermes Inc. Raises Stake in Cushman & Wakefield plc (NYSE:CWK)

Federated Hermes Inc. lifted its stake in Cushman & Wakefield plc (NYSE:CWK) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,293 shares of the company’s stock after purchasing an additional 42,362 shares during the period. Federated Hermes Inc.’s holdings in Cushman & Wakefield were worth $5,066,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CWK. Aster Capital Management DIFC Ltd bought a new position in Cushman & Wakefield in the 4th quarter worth about $262,000. Russell Investments Group Ltd. boosted its holdings in shares of Cushman & Wakefield by 198.3% in the fourth quarter. Russell Investments Group Ltd. now owns 563,431 shares of the company’s stock valued at $7,370,000 after purchasing an additional 374,562 shares during the period. Envestnet Asset Management Inc. grew its stake in Cushman & Wakefield by 43.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 321,034 shares of the company’s stock worth $4,199,000 after purchasing an additional 96,805 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Cushman & Wakefield by 30.2% during the 4th quarter. Wells Fargo & Company MN now owns 304,697 shares of the company’s stock worth $3,985,000 after purchasing an additional 70,728 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in Cushman & Wakefield during the 4th quarter valued at $2,659,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 0.3 %

NYSE:CWK opened at $8.02 on Friday. The company’s 50-day simple moving average is $11.05 and its 200-day simple moving average is $12.76. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The stock has a market capitalization of $1.84 billion, a P/E ratio of 14.57 and a beta of 1.26.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities analysts anticipate that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group dropped their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday. The Goldman Sachs Group reduced their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a report on Wednesday, March 19th. Citigroup lowered their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.75.

Cushman & Wakefield Profile

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.