D. E. Shaw & Co. Inc. Has $5.36 Million Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

D. E. Shaw & Co. Inc. decreased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 46.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 409,601 shares of the company’s stock after selling 360,394 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Cushman & Wakefield were worth $5,358,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company’s stock worth $179,204,000 after buying an additional 806,684 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Cushman & Wakefield by 9.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock worth $163,164,000 after acquiring an additional 1,094,260 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cushman & Wakefield by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company’s stock worth $151,551,000 after acquiring an additional 736,955 shares in the last quarter. Channing Capital Management LLC acquired a new position in shares of Cushman & Wakefield during the 4th quarter valued at about $61,732,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Cushman & Wakefield by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company’s stock valued at $52,683,000 after acquiring an additional 52,178 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Down 0.1%

Shares of NYSE:CWK opened at $10.57 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 19.21 and a beta of 1.37. The company has a 50 day moving average of $9.60 and a 200-day moving average of $12.13. Cushman & Wakefield plc has a one year low of $7.64 and a one year high of $16.11.

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

Wall Street Analysts Forecast Growth

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

About Cushman & Wakefield

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.