First Trust Advisors LP bought a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 180,405 shares of the company’s stock, valued at approximately $2,610,000. First Trust Advisors LP owned approximately 0.09% of Cushman & Wakefield as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Enlightenment Research LLC acquired a new stake in Cushman & Wakefield during the 4th quarter worth approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $46,000. Janney Montgomery Scott LLC acquired a new stake in shares of Cushman & Wakefield in the 3rd quarter valued at $170,000. Verition Fund Management LLC acquired a new stake in shares of Cushman & Wakefield in the 3rd quarter valued at $310,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Cushman & Wakefield in the 3rd quarter valued at $436,000. Institutional investors own 26.81% of the company’s stock.
In related news, insider W Brett White sold 57,374 shares of Cushman & Wakefield stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $15.63, for a total transaction of $896,755.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of CWK opened at $18.50 on Friday. Cushman & Wakefield PLC has a twelve month low of $13.25 and a twelve month high of $19.62. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $3.77 billion and a PE ratio of -16.97.
Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Wednesday, February 27th. The company reported $0.59 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. Cushman & Wakefield’s revenue was up 8.0% compared to the same quarter last year. Equities analysts expect that Cushman & Wakefield PLC will post 0.58 EPS for the current year.
A number of brokerages have recently weighed in on CWK. Bank of America set a $21.00 price objective on shares of Cushman & Wakefield and gave the company a “buy” rating in a report on Thursday, February 28th. Zacks Investment Research lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.11.
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Cushman & Wakefield Company Profile
Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.
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