Vestor Capital LLC Boosts Position in Cushman & Wakefield plc (NYSE:CWK)

Vestor Capital LLC boosted its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 672,848 shares of the company’s stock after acquiring an additional 1,319 shares during the quarter. Vestor Capital LLC owned 0.29% of Cushman & Wakefield worth $8,801,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vestcor Inc increased its position in Cushman & Wakefield by 316.7% during the fourth quarter. Vestcor Inc now owns 70,529 shares of the company’s stock valued at $923,000 after acquiring an additional 53,602 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Cushman & Wakefield during the fourth quarter valued at $318,000. Channing Capital Management LLC purchased a new stake in Cushman & Wakefield during the fourth quarter valued at $61,732,000. Geode Capital Management LLC increased its position in Cushman & Wakefield by 7.5% in the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after buying an additional 395,652 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after buying an additional 2,691 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $10.42 on Friday. 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 12-month low of $9.24 and a 12-month high of $16.11. The stock has a 50-day moving average price of $12.37 and a 200 day moving average price of $13.19. The stock has a market capitalization of $2.39 billion, a P/E ratio of 18.94 and a beta of 1.40.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Equities research analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on CWK. Citigroup reduced 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. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their price target for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped 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. Finally, The Goldman Sachs Group reduced 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.10.

Cushman & Wakefield Company 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.