Cushman & Wakefield PLC $CWK Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 18.3% during the third quarter, HoldingsChannel.com reports. The fund owned 181,375 shares of the company’s stock after selling 40,742 shares during the quarter. Voya Investment Management LLC’s holdings in Cushman & Wakefield were worth $2,887,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EP Wealth Advisors LLC purchased a new stake in Cushman & Wakefield during the 1st quarter worth $102,000. Federated Hermes Inc. grew its stake in shares of Cushman & Wakefield by 75.1% during the second quarter. Federated Hermes Inc. now owns 689,164 shares of the company’s stock valued at $7,629,000 after acquiring an additional 295,615 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Cushman & Wakefield during the second quarter valued at about $873,000. Handelsbanken Fonder AB purchased a new stake in shares of Cushman & Wakefield during the second quarter worth about $208,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Cushman & Wakefield in the second quarter worth about $308,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $16.56 on Friday. The stock has a market capitalization of $3.83 billion, a PE ratio of 17.24 and a beta of 1.46. The business’s fifty day moving average price is $15.97 and its 200 day moving average price is $14.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $17.33.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. Equities research analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CWK shares. Citizens Jmp raised their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, November 3rd. Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, November 20th. Wall Street Zen cut shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Zacks Research downgraded shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, JMP Securities set a $19.00 target price on shares of Cushman & Wakefield in a research report on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Cushman & Wakefield has a consensus rating of “Hold” and a consensus price target of $17.44.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.