Wealth Enhancement Advisory Services LLC Takes $129,000 Position in Cushman & Wakefield PLC $CWK

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Cushman & Wakefield PLC (NYSE:CWK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,861 shares of the company’s stock, valued at approximately $129,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EP Wealth Advisors LLC bought a new position in shares of Cushman & Wakefield during the first quarter valued at $102,000. DRW Securities LLC bought a new position in shares of Cushman & Wakefield during the first quarter valued at $109,000. United Services Automobile Association bought a new position in shares of Cushman & Wakefield during the first quarter valued at $139,000. Capital Insight Partners LLC bought a new position in shares of Cushman & Wakefield during the first quarter valued at $175,000. Finally, Vident Advisory LLC lifted its holdings in shares of Cushman & Wakefield by 18.1% during the first quarter. Vident Advisory LLC now owns 17,310 shares of the company’s stock valued at $177,000 after purchasing an additional 2,656 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Angela Sun sold 6,800 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 46,498 shares of the company’s stock, valued at approximately $744,897.96. The trade was a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CWK has been the topic of a number of research analyst reports. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. JMP Securities increased their target price on Cushman & Wakefield from $15.00 to $16.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.75.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $14.55 on Friday. The stock has a market capitalization of $3.37 billion, a P/E ratio of 16.53 and a beta of 1.51. The stock has a 50-day moving average price of $15.44 and a 200 day moving average price of $12.05. 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 12-month low of $7.64 and a 12-month high of $17.04.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The business 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 for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. Equities research analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

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.