EP Wealth Advisors LLC Makes New $102,000 Investment in Cushman & Wakefield PLC $CWK

EP Wealth Advisors LLC bought a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 10,026 shares of the company’s stock, valued at approximately $102,000.

Other institutional investors also recently made changes to their positions in the company. DRW Securities LLC purchased a new stake in shares of Cushman & Wakefield during the 1st quarter worth $109,000. Jane Street Group LLC raised its stake in shares of Cushman & Wakefield by 101.8% during the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company’s stock worth $190,000 after buying an additional 837,554 shares during the last quarter. Capital Insight Partners LLC acquired a new position in shares of Cushman & Wakefield during the 1st quarter worth $175,000. Vident Advisory LLC raised its stake in shares of Cushman & Wakefield by 18.1% during the 1st quarter. Vident Advisory LLC now owns 17,310 shares of the company’s stock worth $177,000 after buying an additional 2,656 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth $262,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Trading Down 0.1%

Shares of CWK stock opened at $15.97 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 18.14 and a beta of 1.53. The firm has a 50-day moving average price of $13.56 and a 200 day moving average price of $11.31. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.60.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. Research analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

CWK has been the subject of several research reports. Morgan Stanley set a $14.50 price target on Cushman & Wakefield and gave the stock an “overweight” rating in a research note on Thursday, June 12th. JMP Securities lifted their price target on Cushman & Wakefield from $15.00 to $16.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price target on Cushman & Wakefield from $13.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. UBS Group lifted their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.13.

Insider Buying and Selling

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of Cushman & Wakefield stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the sale, the director owned 46,498 shares in the company, valued at $744,897.96. The trade was a 12.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by company insiders.

About Cushman & Wakefield

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.