Charles Schwab Investment Management Inc. increases holdings in Cushman & Wakefield plc (NYSE:CWK)

Charles Schwab Investment Management Inc. raised its position in shares of Cushman & Wakefield plc (NYSE:CWK – Free Report) by 19.9% ​​during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,911,069 shares of the company’s stock after buying an additional 482,235 shares during the period. Charles Schwab Investment Management Inc. owned about 1.28% of Cushman & Wakefield worth $31,440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Cushman & Wakefield by 2.6% in the third quarter. Vanguard Group Inc. now owns 26,579,988 shares of the company’s stock worth $202,540,000 after purchasing an additional 665,070 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Cushman & Wakefield during the fourth quarter valued at approximately $908,000. Vaughan Nelson Investment Management LP purchased a new stake in Cushman & Wakefield during the fourth quarter valued at about $8,742,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Cushman & Wakefield by 42.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 209,492 shares of the company’s stock valued at $1,596,000 after purchasing an additional 62,624 shares in the last quarter. Finally, Connor Clark & ​​Lunn Investment Management Ltd. purchased a new position in shares of Cushman & Wakefield in the third quarter valued at about $1,820,000. 95.56% of the shares are currently held by hedge funds and other institutional investors.

Insider trading at Cushman & Wakefield

In other news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the sale, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The transaction was disclosed in a filing with the SEC, which is accessible via this link. In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the transaction, the insider now owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Also, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now directly owns 40,427 shares in the company, valued at approximately $403,865.73. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s shares.

Cushman & Wakefield trading down 4.3%

Shares of Cushman & Wakefield stock opened at $10.96 on Wednesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13, and a current ratio of 1.13. Cushman & Wakefield plc has a one year low of $6.24 and a one year high of $11.83. The company’s 50-day moving average is $10.14 and its 200-day moving average is $9.87. The company has a market cap of $2.51 billion, a P/E ratio of 274.00 and a beta of 1.33.

Cushman & Wakefield (NYSE:CWK – Get Free Report ) last issued its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. Cushman & Wakefield’s revenue fell 3.6% year over year. In the same quarter last year, the company posted earnings of $0.46 per share. On average, equities analysts expect that Cushman & Wakefield plc will post 0.97 earnings per share for the current year.

The Wall Street analyst weighs in

A number of analysts have recently issued reports on the stock. Raymond James cut shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a research note on Wednesday, April 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group began coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Cushman & Wakefield currently has an average rating of “Hold” and a consensus price target of $11.50, according to MarketBeat.com.

Get our latest analysis on CWK

Cushman & Wakefield Company Profile

(Free Report)

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom and internationally. The company operates across America; Europe, Middle East and Africa; and the Asia Pacific segments.

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