46,920 Shares in Cushman & Wakefield PLC $CWK Bought by Ritholtz Wealth Management

Ritholtz Wealth Management purchased a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,920 shares of the company’s stock, valued at approximately $747,000.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after purchasing an additional 1,321 shares in the last quarter. First Horizon Corp acquired a new position in shares of Cushman & Wakefield during the third quarter valued at about $32,000. Osaic Holdings Inc. boosted its stake in Cushman & Wakefield by 85.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after purchasing an additional 2,012 shares during the last quarter. CENTRAL TRUST Co purchased a new position in Cushman & Wakefield during the 2nd quarter worth $50,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Cushman & Wakefield by 48.7% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock valued at $64,000 after buying an additional 1,900 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $17.18 on Tuesday. The stock has a market cap of $3.98 billion, a P/E ratio of 17.89 and a beta of 1.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. The business’s 50-day moving average price is $16.11 and its two-hundred day moving average price is $15.21. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $17.33.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. Cushman & Wakefield’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. As a group, equities analysts predict that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

CWK has been the topic of several research analyst reports. Zacks Research cut Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Morgan Stanley reissued an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research report on Friday. Wall Street Zen raised shares of Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Citizens Jmp lifted their price target on Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a research report on Monday, November 3rd. Finally, Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, November 20th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.56.

Cushman & Wakefield Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.