Intech Investment Management LLC Has $7.78 Million Stock Holdings in Cushman & Wakefield PLC $CWK

Intech Investment Management LLC lowered its position in Cushman & Wakefield PLC (NYSE:CWK) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 761,373 shares of the company’s stock after selling 47,681 shares during the period. Intech Investment Management LLC owned 0.33% of Cushman & Wakefield worth $7,781,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CWK. EP Wealth Advisors LLC purchased a new stake in shares of Cushman & Wakefield in the first quarter valued at about $102,000. DRW Securities LLC purchased a new stake in Cushman & Wakefield during the 1st quarter worth about $109,000. United Services Automobile Association purchased a new stake in Cushman & Wakefield during the 1st quarter worth about $139,000. Capital Insight Partners LLC purchased a new position in Cushman & Wakefield during the first quarter worth about $175,000. Finally, Vident Advisory LLC grew its stake in Cushman & Wakefield by 18.1% in the 1st quarter. Vident Advisory LLC now owns 17,310 shares of the company’s stock worth $177,000 after buying an additional 2,656 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CWK. The Goldman Sachs Group upgraded Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price target on the stock in a research report on Friday, August 8th. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the company an “overweight” rating in a research report on Thursday, June 12th. JMP Securities increased their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on Cushman & Wakefield from $13.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 26th. Finally, UBS Group raised their target price on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Cushman & Wakefield has a consensus rating of “Moderate Buy” and a consensus target price of $15.13.

Insider Activity at Cushman & Wakefield

In related news, Director Angela Sun sold 6,800 shares of Cushman & Wakefield stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $16.02, for a total transaction of $108,936.00. Following the completion of the transaction, the director directly owned 46,498 shares of the company’s stock, valued at approximately $744,897.96. The trade was a 12.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $16.58 on Friday. The business’s 50-day moving average is $13.65 and its 200 day moving average is $11.35. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $16.66. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $3.84 billion, a P/E ratio of 18.84 and a beta of 1.53.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. On average, equities research analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

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.