Oliver Luxxe Assets LLC Raises Position in Cushman & Wakefield PLC $CWK

Oliver Luxxe Assets LLC raised its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 26.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,095 shares of the company’s stock after buying an additional 31,186 shares during the period. Oliver Luxxe Assets LLC’s holdings in Cushman & Wakefield were worth $2,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CWK. Federated Hermes Inc. boosted its holdings in Cushman & Wakefield by 75.1% during the 2nd 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 during the period. Handelsbanken Fonder AB bought a new stake in Cushman & Wakefield in the second quarter valued at approximately $208,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Cushman & Wakefield by 68.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 508,086 shares of the company’s stock valued at $8,114,000 after purchasing an additional 206,537 shares during the period. AlphaCore Capital LLC bought a new position in shares of Cushman & Wakefield in the second quarter worth approximately $873,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Cushman & Wakefield by 124.7% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 57,300 shares of the company’s stock worth $912,000 after buying an additional 31,800 shares during the period. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Price Performance

CWK stock opened at $16.61 on Friday. 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 1 year low of $7.64 and a 1 year high of $17.33. The firm has a 50-day moving average of $15.95 and a 200 day moving average of $14.94. The company has a market cap of $3.85 billion, a P/E ratio of 17.30 and a beta of 1.47.

Cushman & Wakefield (NYSE:CWK) last posted 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 return on equity of 14.69% and a net margin of 2.23%.The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the business earned $0.23 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, sell-side analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on CWK shares. Citizens Jmp increased their price target on shares of Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a research report on Monday, November 3rd. UBS Group upped their price objective on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Zacks Research cut Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, October 8th. Finally, Barclays began coverage on Cushman & Wakefield in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $18.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.88.

About Cushman & Wakefield

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.