Boston Partners Invests $618,000 in Cushman & Wakefield plc (NYSE:CWK)

Boston Partners acquired a new position in Cushman & Wakefield plc (NYSE:CWK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 47,241 shares of the company’s stock, valued at approximately $618,000.

A number of other institutional investors have also recently made changes to their positions in CWK. CIBC Asset Management Inc boosted its position in shares of Cushman & Wakefield by 10.5% in the 3rd quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock worth $205,000 after purchasing an additional 1,421 shares in the last quarter. Empowered Funds LLC lifted its position in Cushman & Wakefield by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after acquiring an additional 1,180 shares during the period. Mutual of America Capital Management LLC lifted its position in Cushman & Wakefield by 6.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 34,479 shares of the company’s stock worth $470,000 after acquiring an additional 2,102 shares during the period. Jennison Associates LLC acquired a new stake in Cushman & Wakefield during the 3rd quarter worth about $746,000. Finally, Intech Investment Management LLC acquired a new stake in Cushman & Wakefield during the 3rd quarter worth about $3,125,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $10.42 on Friday. The stock has a 50-day simple moving average of $12.37 and a two-hundred day simple moving average of $13.19. The firm has a market capitalization of $2.39 billion, a P/E ratio of 18.94 and a beta of 1.40. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. On average, equities analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on CWK. Citigroup lowered their price target on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price target for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group lowered their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Cushman & Wakefield has an average rating of “Hold” and an average price target of $14.10.

Cushman & Wakefield 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.