Legato Capital Management LLC Invests $1.76 Million in Cushman & Wakefield PLC $CWK

Legato Capital Management LLC bought a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 108,937 shares of the company’s stock, valued at approximately $1,764,000.

Several other large investors have also made changes to their positions in CWK. Royal Bank of Canada raised its stake in shares of Cushman & Wakefield by 39.6% during the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock worth $1,007,000 after buying an additional 27,940 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cushman & Wakefield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after buying an additional 5,929 shares during the period. United Services Automobile Association acquired a new position in shares of Cushman & Wakefield during the 1st quarter worth approximately $139,000. Jane Street Group LLC raised its stake in shares of Cushman & Wakefield by 1,821.3% during the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after buying an additional 264,855 shares during the period. Finally, Focus Partners Wealth acquired a new position in shares of Cushman & Wakefield during the 1st quarter worth approximately $218,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Up 0.6%

NYSE CWK opened at $12.90 on Friday. The business has a fifty day moving average price of $13.16 and a 200 day moving average price of $14.62. Cushman & Wakefield PLC has a one year low of $9.43 and a one year high of $17.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $3.02 billion, a P/E ratio of 40.30 and a beta of 1.50.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Cushman & Wakefield PLC will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CWK shares. Wall Street Zen downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Barclays reduced their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the company a “buy” rating in a research note on Friday. Finally, Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research note on Monday, February 9th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $13.52, for a total value of $135,200.00. Following the completion of the sale, the insider directly owned 95,704 shares in the company, valued at $1,293,918.08. This represents a 9.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is currently owned by insiders.

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.