Cushman & Wakefield plc (NYSE:CWK) Holdings Trimmed by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,971,490 shares of the company’s stock after selling 182,607 shares during the period. Janus Henderson Group PLC’s holdings in Cushman & Wakefield were worth $38,867,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CWK. Smartleaf Asset Management LLC boosted its stake in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after buying an additional 2,691 shares during the period. Blue Trust Inc. boosted its stake in shares of Cushman & Wakefield by 26.5% during the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after buying an additional 928 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Cushman & Wakefield by 820.3% during the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock valued at $94,000 after buying an additional 6,431 shares during the period. Ieq Capital LLC acquired a new stake in shares of Cushman & Wakefield during the 4th quarter valued at $135,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Cushman & Wakefield by 143.9% during the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock valued at $146,000 after buying an additional 6,600 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CWK. Citigroup decreased their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. The Goldman Sachs Group decreased their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. UBS Group reduced their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley reduced their price objective on shares of Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cushman & Wakefield has an average rating of “Hold” and an average target price of $12.93.

Cushman & Wakefield Stock Down 2.8%

CWK stock opened at $10.50 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 1 year low of $7.64 and a 1 year high of $16.11. The company has a fifty day simple moving average of $9.62 and a 200 day simple moving average of $12.17. The firm has a market cap of $2.43 billion, a PE ratio of 19.09 and a beta of 1.37.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

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.