Raymond James Financial Services Advisors Inc. Trims Stake in Cushman & Wakefield plc (NYSE:CWK)

Raymond James Financial Services Advisors Inc. trimmed its stake in Cushman & Wakefield plc (NYSE:CWK) by 51.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,367 shares of the company’s stock after selling 18,555 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Cushman & Wakefield were worth $188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in shares of Cushman & Wakefield by 79.5% in the 4th quarter. SG Americas Securities LLC now owns 151,113 shares of the company’s stock worth $1,632,000 after purchasing an additional 66,941 shares in the last quarter. Everhart Financial Group Inc. purchased a new stake in shares of Cushman & Wakefield in the 4th quarter worth $148,000. Vanguard Group Inc. increased its stake in shares of Cushman & Wakefield by 2.6% in the 3rd 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. DigitalBridge Group Inc. purchased a new stake in shares of Cushman & Wakefield in the 3rd quarter worth $7,473,000. Finally, Rush Island Management LP increased its stake in shares of Cushman & Wakefield by 4.3% in the 3rd quarter. Rush Island Management LP now owns 3,583,597 shares of the company’s stock worth $27,307,000 after purchasing an additional 146,820 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Down 0.1 %

CWK opened at $9.63 on Thursday. The firm has a 50-day simple moving average of $10.04 and a two-hundred day simple moving average of $9.42. Cushman & Wakefield plc has a 52 week low of $6.24 and a 52 week high of $11.76. The company has a market capitalization of $2.19 billion, a PE ratio of -56.61 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.85.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue was down 3.6% on a year-over-year basis. Analysts forecast that Cushman & Wakefield plc will post 0.99 earnings per share for the current fiscal year.

Insider Activity at Cushman & Wakefield

In related 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 value of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related 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 value of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nathaniel Robinson sold 40,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the transaction, 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. 1.01% of the stock is owned by insiders.

Analysts Set New Price Targets

CWK has been the subject of several recent analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Jefferies Financial Group initiated coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 target price for the company. Finally, Raymond James downgraded shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a report on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.08.

About Cushman & Wakefield

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 through Americas; Europe, Middle East and Africa; and Asia Pacific segments.