Knights of Columbus Asset Advisors LLC Grows Position in Cushman & Wakefield PLC $CWK

Knights of Columbus Asset Advisors LLC raised its stake in Cushman & Wakefield PLC (NYSE:CWK) by 135.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 180,645 shares of the company’s stock after purchasing an additional 103,968 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Cushman & Wakefield were worth $2,876,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. First Horizon Corp acquired a new position in shares of Cushman & Wakefield in the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its position in Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after purchasing an additional 1,321 shares during the period. Osaic Holdings Inc. lifted its stake in Cushman & Wakefield by 85.9% during the second quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock worth $48,000 after purchasing an additional 2,012 shares in the last quarter. CENTRAL TRUST Co purchased a new position in shares of Cushman & Wakefield during the second quarter worth $50,000. Finally, GAMMA Investing LLC grew its stake in shares of Cushman & Wakefield by 18.3% in the third quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after buying an additional 867 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on CWK. Morgan Stanley restated an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. UBS Group raised 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. Barclays reiterated a “positive” rating and set a $19.00 target price on shares of Cushman & Wakefield in a report on Tuesday, January 13th. Wall Street Zen upgraded shares of Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Cushman & Wakefield presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.56.

Cushman & Wakefield Price Performance

Shares of CWK opened at $16.44 on Friday. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 17.13 and a beta of 1.47. The firm’s fifty day simple moving average is $16.32 and its 200-day simple moving average is $15.46. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $17.40. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.39.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. Cushman & Wakefield’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. Equities analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Cushman & Wakefield 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.