Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in Cushman & Wakefield plc (NYSE:CWK)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,357 shares of the company’s stock after purchasing an additional 3,774 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cushman & Wakefield were worth $393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CWK. SG Americas Securities LLC grew its holdings in Cushman & Wakefield by 43.6% during the 3rd quarter. SG Americas Securities LLC now owns 84,172 shares of the company’s stock valued at $641,000 after buying an additional 25,539 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Cushman & Wakefield by 30.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after acquiring an additional 2,737 shares during the last quarter. Olympiad Research LP lifted its stake in Cushman & Wakefield by 13.2% in the 3rd quarter. Olympiad Research LP now owns 20,006 shares of the company’s stock worth $152,000 after purchasing an additional 2,332 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Cushman & Wakefield by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,032,188 shares of the company’s stock valued at $7,865,000 after purchasing an additional 21,178 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in shares of Cushman & Wakefield during the 3rd quarter valued at about $743,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock opened at $10.02 on Friday. The stock has a 50 day moving average price of $9.89 and a 200-day moving average price of $9.52. Cushman & Wakefield plc has a one year low of $6.24 and a one year high of $11.76. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 250.50 and a beta of 1.33. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.17 and a current ratio of 1.13.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Equities analysts expect that Cushman & Wakefield plc will post 0.98 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CWK. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group started coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 target price for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.08.

Insider Activity at Cushman & Wakefield

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the transaction, the insider now directly owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by insiders.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.