Legato Capital Management LLC Buys Shares of 108,937 Cushman & Wakefield PLC $CWK

Legato Capital Management LLC bought a new stake in Cushman & Wakefield PLC (NYSE:CWK) in the 4th quarter, HoldingsChannel reports. The firm bought 108,937 shares of the company’s stock, valued at approximately $1,764,000.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in Cushman & Wakefield by 4,473.5% in the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 2,192 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares in the last quarter. Covestor Ltd grew its holdings in Cushman & Wakefield by 4,217.7% in the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock valued at $43,000 after buying an additional 2,615 shares in the last quarter. Community Bank N.A. purchased a new stake in Cushman & Wakefield in the 3rd quarter valued at $45,000. Finally, First Horizon Corp grew its holdings in Cushman & Wakefield by 52.0% in the 4th quarter. First Horizon Corp now owns 3,040 shares of the company’s stock valued at $49,000 after buying an additional 1,040 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cushman & Wakefield

In related 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 transaction of $135,200.00. Following the transaction, the insider owned 95,704 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.74% of the company’s stock.

Cushman & Wakefield Price Performance

CWK opened at $12.90 on Friday. The stock’s 50-day moving average price is $13.16 and its 200 day moving average price is $14.62. Cushman & Wakefield PLC has a 12-month low of $9.43 and a 12-month high of $17.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.34. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 40.30 and a beta of 1.50.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CWK. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. The Goldman Sachs Group set a $17.00 price target on Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price target for the company in a report on Monday, February 9th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.