Nuveen LLC Makes New Investment in Cushman & Wakefield PLC $CWK

Nuveen LLC bought a new position in Cushman & Wakefield PLC (NYSE:CWK) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,084,689 shares of the company’s stock, valued at approximately $11,086,000. Nuveen LLC owned 0.47% of Cushman & Wakefield as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Cushman & Wakefield by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company’s stock worth $151,551,000 after purchasing an additional 736,955 shares during the period. Victory Capital Management Inc. boosted its stake in Cushman & Wakefield by 2.1% in the 1st quarter. Victory Capital Management Inc. now owns 9,380,276 shares of the company’s stock worth $95,866,000 after purchasing an additional 194,970 shares during the period. Ameriprise Financial Inc. boosted its stake in Cushman & Wakefield by 0.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,951,305 shares of the company’s stock worth $51,683,000 after purchasing an additional 17,050 shares during the period. Northern Trust Corp boosted its stake in Cushman & Wakefield by 17.0% in the 4th quarter. Northern Trust Corp now owns 3,783,117 shares of the company’s stock worth $49,483,000 after purchasing an additional 549,718 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cushman & Wakefield by 54.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company’s stock worth $40,123,000 after purchasing an additional 1,084,940 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $15.6130 on Friday. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 17.74 and a beta of 1.50. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $16.11. The stock’s 50-day moving average is $12.25 and its 200 day moving average is $11.05.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the firm posted $0.20 EPS. Cushman & Wakefield’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CWK. Citizens Jmp initiated coverage on Cushman & Wakefield in a research note on Monday, July 21st. They issued a “strong-buy” rating and a $15.00 target price for the company. The Goldman Sachs Group raised Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price target on the stock in a report on Friday, August 8th. Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. UBS Group raised their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Finally, JMP Securities raised their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.38.

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.