Nuveen Asset Management LLC Has $14.91 Million Stake in Cushman & Wakefield plc (NYSE:CWK)

Nuveen Asset Management LLC decreased its stake in Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 10.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,302,024 shares of the company’s stock after selling 149,118 shares during the period. Nuveen Asset Management LLC’s holdings in Cushman & Wakefield were worth $14,908,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Laurel Wealth Advisors Inc. boosted its stake in Cushman & Wakefield by 3.5% in the first quarter. Laurel Wealth Advisors Inc. now owns 31,572 shares of the company’s stock worth $648,000 after purchasing an additional 1,055 shares in the last quarter. Ellevest Inc. boosted its stake in Cushman & Wakefield by 922.9% in the third quarter. Ellevest Inc. now owns 2,148 shares of the company’s stock worth $25,000 after purchasing an additional 1,938 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Cushman & Wakefield in the second quarter worth $32,000. Bank of Montreal Can boosted its stake in Cushman & Wakefield by 7.0% in the first quarter. Bank of Montreal Can now owns 34,037 shares of the company’s stock worth $711,000 after purchasing an additional 2,216 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in Cushman & Wakefield by 3,128.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock worth $46,000 after purchasing an additional 2,221 shares in the last quarter. Institutional investors and hedge funds own 83.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Credit Suisse Group lowered Cushman & Wakefield from an “outperform” rating to a “neutral” rating in a research note on Monday, January 9th. Wolfe Research lowered Cushman & Wakefield from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 31st. The Goldman Sachs Group boosted their target price on Cushman & Wakefield from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Finally, Raymond James dropped their target price on Cushman & Wakefield from $25.00 to $23.00 and set a “strong-buy” rating for the company in a research report on Friday, January 20th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.40.

Cushman & Wakefield Trading Down 0.9 %

CWK stock opened at $12.77 on Tuesday. The company has a market cap of $2.88 billion, a P/E ratio of 14.68 and a beta of 1.37. Cushman & Wakefield plc has a twelve month low of $10.04 and a twelve month high of $21.22. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.93. The business has a fifty day moving average of $13.65 and a 200-day moving average of $12.85.

Cushman & Wakefield (NYSE:CWK – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.44 billion. Cushman & Wakefield had a return on equity of 28.56% and a net margin of 1.94%. The firm’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. As a group, equities research analysts expect that Cushman & Wakefield plc will post 1.58 EPS for the current year.

Cushman & Wakefield Company Profile

(Get Rating)

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.