Raymond James Financial Services Advisors Inc. Cuts Stake in Cushman & Wakefield plc (NYSE:CWK)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 51.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,367 shares of the company’s stock after selling 18,555 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Cushman & Wakefield were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. AXQ Capital LP purchased a new stake in shares of Cushman & Wakefield during the third quarter worth about $79,000. Allspring Global Investments Holdings LLC boosted its position in Cushman & Wakefield by 30.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock worth $88,000 after acquiring an additional 2,737 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Cushman & Wakefield by 37.4% during the third quarter. PNC Financial Services Group Inc. now owns 15,434 shares of the company’s stock worth $118,000 after acquiring an additional 4,201 shares during the last quarter. Everhart Financial Group Inc. acquired a new position in Cushman & Wakefield during the fourth quarter worth about $148,000. Finally, Olympiad Research LP boosted its position in Cushman & Wakefield by 13.2% during the third quarter. Olympiad Research LP now owns 20,006 shares of the company’s stock worth $152,000 after acquiring an additional 2,332 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Insider Transactions at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now directly owns 40,427 shares in the company, valued at approximately $403,865.73. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now directly owns 40,427 shares in the company, valued at approximately $403,865.73. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’s stock in a transaction that occurred on 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 owns 17,098,001 shares in the company, valued at $166,534,529.74. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

CWK has been the topic of a number of recent research reports. Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target on the stock. in a research report on Wednesday, April 3rd. Wolfe Research restated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group assumed coverage on shares of Cushman & Wakefield in a research report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of “Hold” and an average price target of $11.08.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $9.63 on Thursday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -56.61 and a beta of 1.34. The company’s 50-day moving average is $10.04 and its two-hundred day moving average is $9.42. Cushman & Wakefield plc has a 1-year low of $6.24 and a 1-year high of $11.76.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. Cushman & Wakefield’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. Analysts forecast that Cushman & Wakefield plc will post 0.99 EPS for the current year.

Cushman & Wakefield Company Profile

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.