MetLife Investment Management LLC Raises Holdings in Cushman & Wakefield plc (NYSE:CWK)

MetLife Investment Management LLC increased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,693 shares of the company’s stock after acquiring an additional 7,588 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Cushman & Wakefield worth $1,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after purchasing an additional 2,691 shares in the last quarter. Blue Trust Inc. grew its position in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after buying an additional 928 shares during the period. Sterling Capital Management LLC increased its holdings in Cushman & Wakefield by 820.3% in the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock valued at $94,000 after buying an additional 6,431 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Cushman & Wakefield during the 4th quarter valued at approximately $135,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Cushman & Wakefield by 143.9% during the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock worth $146,000 after acquiring an additional 6,600 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 4.2 %

Shares of NYSE CWK opened at $9.39 on Wednesday. The firm has a market cap of $2.16 billion, a P/E ratio of 17.07 and a beta of 1.26. 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 1 year low of $7.64 and a 1 year high of $16.11. The firm’s 50 day moving average price is $9.95 and its 200 day moving average price is $12.38.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on CWK. UBS Group decreased their target price on Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Citigroup cut their target price 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. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley reduced their target price on Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.93.

About Cushman & Wakefield

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.