Natixis Advisors LLC Decreases Stake in Cushman & Wakefield PLC $CWK

Natixis Advisors LLC lessened its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 23.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,437,294 shares of the company’s stock after selling 434,887 shares during the period. Natixis Advisors LLC owned about 0.62% of Cushman & Wakefield worth $22,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 1,321 shares in the last quarter. First Horizon Corp acquired a new position in shares of Cushman & Wakefield during the 3rd quarter worth about $32,000. Osaic Holdings Inc. boosted its position in shares of Cushman & Wakefield by 85.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock worth $48,000 after acquiring an additional 2,012 shares in the last quarter. CENTRAL TRUST Co purchased a new position in shares of Cushman & Wakefield in the 2nd quarter valued at about $50,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Cushman & Wakefield by 48.7% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock valued at $64,000 after acquiring an additional 1,900 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

CWK stock opened at $12.07 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $2.80 billion, a P/E ratio of 31.77 and a beta of 1.49. The business has a 50 day simple moving average of $15.02 and a 200-day simple moving average of $15.63. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Thursday, February 19th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the company posted $0.48 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research note on Friday, January 16th. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, November 20th. Finally, Barclays restated a “positive” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Cushman & Wakefield has an average rating of “Moderate Buy” and a consensus price target of $18.56.

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.