Peregrine Capital Management LLC Sells 178,693 Shares of Cushman & Wakefield PLC $CWK

Peregrine Capital Management LLC reduced its stake in Cushman & Wakefield PLC (NYSE:CWK) by 33.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 354,264 shares of the company’s stock after selling 178,693 shares during the period. Peregrine Capital Management LLC’s holdings in Cushman & Wakefield were worth $5,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Frontier Capital Management Co. LLC purchased a new position in shares of Cushman & Wakefield in the second quarter valued at about $51,764,000. Vaughan Nelson Investment Management L.P. grew its stake in Cushman & Wakefield by 46.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company’s stock worth $134,573,000 after purchasing an additional 3,842,859 shares during the period. Balyasny Asset Management L.P. lifted its position in Cushman & Wakefield by 128.6% during the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after buying an additional 1,620,143 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cushman & Wakefield by 416.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 574,541 shares of the company’s stock valued at $6,360,000 after buying an additional 463,241 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Cushman & Wakefield by 75.1% in the 2nd quarter. Federated Hermes Inc. now owns 689,164 shares of the company’s stock worth $7,629,000 after buying an additional 295,615 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 0.8%

NYSE:CWK opened at $16.61 on Friday. The business has a fifty day moving average price of $15.95 and a 200-day moving average price of $14.92. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $17.33. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 17.30 and a beta of 1.47.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. Cushman & Wakefield’s quarterly revenue was up 11.2% compared to the same quarter last year. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. Sell-side analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, October 8th. Zacks Research cut Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, November 20th. Finally, JMP Securities set a $19.00 target price on shares of Cushman & Wakefield in a research note on Monday, November 3rd. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

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.