Lazard Asset Management LLC Reduces Stock Position in Cushman & Wakefield PLC $CWK

Lazard Asset Management LLC decreased its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 90.8% during the first quarter, HoldingsChannel.com reports. The firm owned 13,656 shares of the company’s stock after selling 135,340 shares during the quarter. Lazard Asset Management LLC’s holdings in Cushman & Wakefield were worth $167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Cushman & Wakefield by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock valued at $162,424,000 after purchasing an additional 397,892 shares during the period. State Street Corp lifted its holdings in Cushman & Wakefield by 2.2% during the 4th quarter. State Street Corp now owns 9,138,118 shares of the company’s stock valued at $147,946,000 after buying an additional 197,430 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Cushman & Wakefield by 23.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after buying an additional 1,233,055 shares in the last quarter. Geode Capital Management LLC boosted its position in Cushman & Wakefield by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after buying an additional 29,832 shares during the period. Finally, Channing Capital Management LLC grew its stake in Cushman & Wakefield by 46.0% in the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock worth $82,662,000 after acquiring an additional 1,609,190 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Insider Transactions at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 24,828 shares of Cushman & Wakefield stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total value of $328,971.00. Following the transaction, the insider directly owned 70,876 shares in the company, valued at approximately $939,107. This trade represents a 25.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

CWK has been the subject of several research analyst reports. Weiss Ratings raised shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Cushman & Wakefield Price Performance

NYSE CWK opened at $13.79 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.08. The firm’s 50 day moving average price is $13.36 and its 200-day moving average price is $13.58. Cushman & Wakefield PLC has a 52-week low of $11.56 and a 52-week high of $17.40. The company has a market cap of $3.23 billion, a PE ratio of 47.56 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $2.76 billion for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. Sell-side analysts forecast that Cushman & Wakefield PLC will post 1.44 EPS for the current fiscal year.

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.