Dimensional Fund Advisors LP increases stake in Cushman & Wakefield plc (NYSE:CWK)

Dimensional Fund Advisors LP boosted its stake in Cushman & Wakefield plc (NYSE:CWK – Free Report) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,073,848 shares of the company’s stock after purchasing an additional 825,570 shares during the quarter. Dimensional Fund Advisors LP owned about 3.11% of Cushman & Wakefield worth $76,400,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. DigitalBridge Group Inc. purchased a new stake in Cushman & Wakefield in the third quarter valued at approximately $7,473,000. FMR LLC boosted its holdings in Cushman & Wakefield by 3.9% in the third quarter. FMR LLC now owns 22,232,050 shares of the company’s stock worth $169,408,000 after buying an additional 834,176 shares in the last quarter. Vaughan Nelson Investment Management LP purchased a new position in Cushman & Wakefield in the fourth quarter valued at $8,742,000. Vanguard Group Inc. raised its holdings in shares of 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. Finally, Deutsche Bank AG boosted its holdings in shares of Cushman & Wakefield by 822.3% in the third quarter. Deutsche Bank AG now owns 648,593 shares of the company’s stock worth $4,942,000 after purchasing an additional 578,266 shares in the last quarter. 95.56% of the shares are currently held by hedge funds and other institutional investors.

The Wall Street analyst weighs in

A number of equities research analysts have issued reports on the company. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price on the stock. in a research note on Wednesday, April 3rd. 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 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.50.

Read the latest stock analysis on CWK

Insider buying and selling

In other news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the 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 completion of the transaction, the insider now directly owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $75,338,451.96. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at approximately $403,865.73. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,872,955 shares of company stock worth $263,816,063. Company insiders own 1.01% of the company’s shares.

Cushman and Wakefield price performance

CWK opened at $10.79 on Friday. Cushman & Wakefield plc has a 12 month low of $6.24 and a 12 month high of $11.83. The company has a quick ratio of 1.13, a current ratio of 1.13, and a debt-to-equity ratio of 1.89. The firm has a market cap of $2.47 billion, a P/E ratio of 269.75 and a beta of 1.33. The stock has a fifty day moving average of $10.17 and a 200 day moving average of $9.88.

Cushman & Wakefield (NYSE:CWK – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $1.78 billion. In the same quarter last year, the business earned $0.46 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts forecast that Cushman & Wakefield plc will post 0.97 EPS for the current fiscal year.

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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