Vaughan Nelson Investment Management L.P. Has $110.93 Million Stock Holdings in Cushman & Wakefield PLC $CWK

Vaughan Nelson Investment Management L.P. lowered its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 2.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,048,011 shares of the company’s stock after selling 181,668 shares during the quarter. Cushman & Wakefield comprises 1.1% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 22nd biggest position. Vaughan Nelson Investment Management L.P.’s holdings in Cushman & Wakefield were worth $110,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Cushman & Wakefield by 39.6% in the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock valued at $1,007,000 after purchasing an additional 27,940 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cushman & Wakefield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after buying an additional 5,929 shares during the last quarter. United Services Automobile Association acquired a new stake in Cushman & Wakefield in the first quarter valued at about $139,000. Jane Street Group LLC boosted its stake in Cushman & Wakefield by 1,821.3% in the first quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock valued at $2,855,000 after buying an additional 264,855 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in Cushman & Wakefield in the first quarter valued at about $218,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $12.87 on Monday. The company has a fifty day moving average of $13.47 and a 200-day moving average of $14.23. The firm has a market capitalization of $3.02 billion, a P/E ratio of 40.22 and a beta of 1.45. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. Cushman & Wakefield PLC has a twelve month low of $10.41 and a twelve month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. Cushman & Wakefield’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.44 EPS for the current year.

Insider Buying and Selling at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 24,828 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the transaction, the insider owned 70,876 shares of the company’s stock, valued at $939,107. This represents a 25.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Barclays dropped their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a “buy” rating in a research report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cushman & Wakefield presently has an average rating of “Hold” and a consensus price target of $18.00.

About Cushman & Wakefield

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.