Channing Capital Management LLC Makes New Investment in Cushman & Wakefield plc (NYSE:CWK)

Channing Capital Management LLC purchased a new stake in Cushman & Wakefield plc (NYSE:CWK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,719,558 shares of the company’s stock, valued at approximately $61,732,000.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after acquiring an additional 395,652 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Cushman & Wakefield by 3.7% during the fourth quarter. New York State Teachers Retirement System now owns 119,198 shares of the company’s stock worth $1,559,000 after purchasing an additional 4,267 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Cushman & Wakefield in the third quarter valued at approximately $4,942,000. State Street Corp raised its holdings in Cushman & Wakefield by 9.8% in the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock valued at $115,359,000 after buying an additional 756,966 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Cushman & Wakefield in the 3rd quarter valued at approximately $150,000. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Down 0.5 %

Cushman & Wakefield stock opened at $11.15 on Tuesday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 20.27 and a beta of 1.40. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The firm has a 50 day moving average price of $12.71 and a two-hundred day moving average price of $13.35.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on CWK. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their price objective on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.

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.