Cushman & Wakefield plc (NYSE:CWK) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 63.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,559 shares of the company’s stock after purchasing an additional 8,346 shares during the quarter. LPL Financial LLC’s holdings in Cushman & Wakefield were worth $282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after buying an additional 2,691 shares during the period. Blue Trust Inc. increased its stake in shares of Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after acquiring an additional 928 shares during the period. Ieq Capital LLC acquired a new position in Cushman & Wakefield during the fourth quarter valued at $135,000. Jones Financial Companies Lllp boosted its holdings in Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock valued at $146,000 after purchasing an additional 6,600 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in Cushman & Wakefield during the 4th quarter worth about $169,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group decreased their price objective on Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group lowered their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a report on Wednesday, March 19th. Finally, Citigroup cut their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Hold” and an average price target of $12.93.

Cushman & Wakefield Stock Performance

CWK opened at $9.01 on Tuesday. The firm’s fifty day simple moving average is $10.01 and its two-hundred day simple moving average is $12.40. Cushman & Wakefield plc has a 52-week low of $7.64 and a 52-week high of $16.11. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 16.38 and a beta of 1.26. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Equities analysts anticipate that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

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.