Bank of Montreal Can Acquires 3,329 Shares of Cushman & Wakefield plc (NYSE:CWK)

Bank of Montreal Can boosted its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,561 shares of the company’s stock after purchasing an additional 3,329 shares during the period. Bank of Montreal Can’s holdings in Cushman & Wakefield were worth $570,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Channing Capital Management LLC bought a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $61,732,000. Norges Bank acquired a new position in Cushman & Wakefield during the fourth quarter worth $38,720,000. Raymond James Financial Inc. bought a new position in shares of Cushman & Wakefield during the fourth quarter valued at $25,964,000. New York State Common Retirement Fund lifted its holdings in shares of Cushman & Wakefield by 579.8% during the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company’s stock valued at $16,952,000 after acquiring an additional 1,105,355 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Cushman & Wakefield by 9.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock valued at $163,164,000 after purchasing an additional 1,094,260 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Up 1.7 %

NYSE CWK opened at $8.29 on Monday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 15.08 and a beta of 1.26. Cushman & Wakefield plc has a 52 week low of $7.64 and a 52 week high of $16.11. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The stock has a fifty day moving average of $10.55 and a 200-day moving average of $12.57.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. On average, equities research analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CWK. Citigroup cut their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, March 17th. The Goldman Sachs Group cut their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. dropped their price target on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. UBS Group cut their price objective on Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.75.

Cushman & Wakefield Company Profile

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.