Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Cushman & Wakefield plc (NYSE:CWK)

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AXQ Capital LP purchased a new position in shares of Cushman & Wakefield in the third quarter valued at $79,000. Allspring Global Investments Holdings LLC grew its holdings in Cushman & Wakefield by 30.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after buying an additional 2,737 shares during the last quarter. KG&L Capital Management LLC purchased a new position in Cushman & Wakefield during the fourth quarter worth $109,000. PNC Financial Services Group Inc. raised its holdings in shares of Cushman & Wakefield by 37.4% in 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. Finally, Everhart Financial Group Inc. purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at $148,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 1.1 %

Shares of CWK stock opened at $10.02 on Friday. Cushman & Wakefield plc has a fifty-two week low of $6.24 and a fifty-two week high of $11.76. The firm’s 50 day moving average price is $9.89 and its two-hundred day moving average price is $9.52. 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 quick ratio of 1.17, a current ratio of 1.13 and a debt-to-equity ratio of 1.89.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, analysts anticipate that Cushman & Wakefield plc will post 0.98 EPS for the current year.

Insider Activity at Cushman & Wakefield

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’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 transaction, the insider now directly owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the business’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 sale, the insider now directly owns 17,098,001 shares of the company’s stock, valued at approximately $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

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

Cushman & Wakefield 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.