Allspring Global Investments Holdings LLC Acquires 141,800 Shares of Cushman & Wakefield PLC $CWK

Allspring Global Investments Holdings LLC raised its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 27.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 649,886 shares of the company’s stock after acquiring an additional 141,800 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.28% of Cushman & Wakefield worth $10,294,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in Cushman & Wakefield during the 4th quarter worth about $73,000. SG Americas Securities LLC raised its position in shares of Cushman & Wakefield by 41.9% during the fourth quarter. SG Americas Securities LLC now owns 96,494 shares of the company’s stock worth $1,562,000 after acquiring an additional 28,514 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Cushman & Wakefield by 58.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,104 shares of the company’s stock worth $302,000 after acquiring an additional 6,643 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Cushman & Wakefield by 112.8% in the fourth quarter. Park Avenue Securities LLC now owns 35,323 shares of the company’s stock worth $572,000 after acquiring an additional 18,725 shares during the period. Finally, Tudor Investment Corp ET AL bought a new stake in Cushman & Wakefield in the third quarter valued at approximately $3,538,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Down 0.0%

NYSE:CWK opened at $12.48 on Monday. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $17.40. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 32.83 and a beta of 1.49. The firm has a fifty day simple moving average of $13.50 and a two-hundred day simple moving average of $15.15.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 earnings per share. Analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research note on Monday, February 9th. Barclays decreased their price objective on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of “Moderate Buy” and an average price target of $18.06.

Cushman & Wakefield Company 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.