Putnam Investments LLC Trims Position in Cushman & Wakefield plc (NYSE:CWK)

Putnam Investments LLC trimmed its holdings in Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 1.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 109,998 shares of the company’s stock after selling 2,002 shares during the quarter. Putnam Investments LLC’s holdings in Cushman & Wakefield were worth $1,259,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Laurel Wealth Advisors Inc. raised its holdings in shares of Cushman & Wakefield by 3.5% in the first quarter. Laurel Wealth Advisors Inc. now owns 31,572 shares of the company’s stock valued at $648,000 after buying an additional 1,055 shares during the last quarter. Ellevest Inc. raised its holdings in Cushman & Wakefield by 922.9% during 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. Bayesian Capital Management LP raised its holdings in Cushman & Wakefield by 19.8% during the third quarter. Bayesian Capital Management LP now owns 12,700 shares of the company’s stock worth $145,000 after purchasing an additional 2,100 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Cushman & Wakefield during the second quarter worth about $32,000. Finally, Bank of Montreal Can raised its holdings in Cushman & Wakefield by 7.0% during 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. 83.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CWK. The Goldman Sachs Group increased their price target on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Raymond James cut their price target on shares of Cushman & Wakefield from $25.00 to $23.00 and set a “strong-buy” rating for the company in a report on Friday, January 20th. Credit Suisse Group lowered shares of Cushman & Wakefield from an “outperform” rating to a “neutral” rating in a research report on Monday, January 9th. Finally, Wolfe Research lowered shares of Cushman & Wakefield from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 31st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.75.

Cushman & Wakefield Trading Down 3.4 %

Shares of CWK opened at $11.19 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.93. The firm’s 50-day moving average is $13.62 and its two-hundred day moving average is $12.71. Cushman & Wakefield plc has a twelve month low of $10.04 and a twelve month high of $21.22. The firm has a market capitalization of $2.53 billion, a P/E ratio of 12.86 and a beta of 1.37.

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

About Cushman & Wakefield

(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.